27-01-2021, 09:57 AM
Recognizing False Signals From Inside Bar
A false signal or commonly called a fake signal is a condition where the price fails to penetrate the highest or lowest level (false breakout) on the Mother Bar after the Inside Bar pattern is formed. شركة اكسنس
As a result, prices reverse direction due to changes in market sentiment or reactions to certain news.
There are several things that can influence the formation of false Inside Bar signals. One example was during the European Central Bank (ECB) press conference on March 10, 2016. At that time, the EUR / USD price moved bearish, but suddenly turned bullish due to the statement of the ECB President at that time.
False break Inside Bar has also happened to Pound because of short action (sell) by George Soros. This incident made the Bank of England (BoE) experience heavy losses. The reason is, after successfully making a new High level, the Pound then closed again near its opening price.تحليل فني للعملات
In general, there are two types of false signal patterns, namely bearish and bullish patterns. Both consist of one or more Pin Bars indicating a false breakout. So, the first candle will show the price breaking the highest or lowest level on the Mother Bar, while the second candle moves opposite the first candle.
A false signal or commonly called a fake signal is a condition where the price fails to penetrate the highest or lowest level (false breakout) on the Mother Bar after the Inside Bar pattern is formed. شركة اكسنس
As a result, prices reverse direction due to changes in market sentiment or reactions to certain news.
There are several things that can influence the formation of false Inside Bar signals. One example was during the European Central Bank (ECB) press conference on March 10, 2016. At that time, the EUR / USD price moved bearish, but suddenly turned bullish due to the statement of the ECB President at that time.
False break Inside Bar has also happened to Pound because of short action (sell) by George Soros. This incident made the Bank of England (BoE) experience heavy losses. The reason is, after successfully making a new High level, the Pound then closed again near its opening price.تحليل فني للعملات
In general, there are two types of false signal patterns, namely bearish and bullish patterns. Both consist of one or more Pin Bars indicating a false breakout. So, the first candle will show the price breaking the highest or lowest level on the Mother Bar, while the second candle moves opposite the first candle.