NZDUSD SELL signal November 2015

Last week i spotted that NZDUSD has a SELL signal.
Inside bar formation, the pairs has breakout the mother bar in the previous week
Before we talk about this inside bar, let analyse NZDUSD first with MARS method.

The first thing wee need is WEEKLY chart. MARS use weekly chart. WEEKLY. Here you are

Now wee have NZDUSD weekly chart whit three different moving average, 200 MA (red line), 50 MA (blue line), and 20 MA (yellow line).

MARS use 200MA to separate trader action into buy (long) or sell (short). Because the currency is below 200MA so our action, our order, only SELL / SHORT order.

After wee know, what action to take, wee play wait and see. Binggo...... the SELL signal appread
try to look chart below:

focus on the white box. can you see the mother bar, of course you can. For two weeks, NZDUSD price is inside the mother bar range, trader called this INSIDE BAR formation.

Next week, the price penetrate the range and successfully close outside the range. The breakout success and this is our SELL signal. Wait and see end, open SELL order.

If you see closely, the signal was appeared 4 weeks earlier. I trade this pair last week. It still has a good entry point.

Enjoy your trade!.