AUDUSD

Hi Remo on my chart the bar is 5 pips lower than he previous but I am using ig's chart on my ipad which may not be all that accurate

Hi mark PB

Thats not an inside bar as the highs are exactly the same at 10598.Almost thou
It has to be contained within....Well thats how i do it anyway so some may have a different view



dyor

Inside bar on the daily too

Im gonna go long on this at the back test of breakout point at 10555 with a 40 point stop.



remember
trend line levels change every day.


dyor

Hi ross
first thing you need to do is to redraw the trend lines.


Then id be careful with doing anything when the price is near the apex of the triangle as this area is where most real breakouts happen. I would normally short on first attempt of that down trend line but this time due to the apex i wont be doing that.
Im looking to catch the breakout of the triangle this time due to there being an inside bar just above that trend line as well.
My long entry is at 10586 with a 50 point stop due to it being currency.

Hi RMc,

Easy question to answer as far as I'm concerned...leave alone ans wait to see what happens at the downtrend resistance. If it get's that far I personally wouldn't automatically go short as it's not long since it last tested it (I don't like trendline touches too close together). A close above that trendline and I'd be going long - a clear rejection of it and I'd consider a short but I definitely wouldn't do anything until then.

Just my view.

ATB