AUD/NZD: How to Trade the Inside Bar Failure
2023.03.07 12:53
In this educational video, I have described in detail how I trade the inside bar pattern. Specifically, I look for the failure of this pattern to go in the trend direction.
The video is on the , which fell to a new multi-week low beneath the 1.08 handle overnight. The move was triggered by the Reserve Bank of Australia’s rate decision, which weighed on all crosses.
Traders sold the Aussie following a “dovish” 25bp hike from the Reserve Bank of Australia. The RBA still promised more monetary tightening ahead, but the market sold the AUD anyway as the language softened on further rate increases.
My previous video on the inside bar failure was created back in 2020. You can watch that one .
***
For more such analysis content, check out my free educational section on the website HERE.
