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Strategies based on Technical Analysis
This strategy is based on assumption that price will continue its direction if the “Inside bar” pattern is formed. “Inside bar” means that bar’s high and low are not higher/lower then high and low of the previous
. So the whole
lies within the high and low of the previous
If such pattern is formed and the low of such
is higher than the open price of the current day, then price will go up by candles height. So a buy
is opened with limit set to the current price + candles height and stop is set to candles low.
And vice versa for sell
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