Great example of what often happens at the end of trends. Sideways consolidations followed by breakouts. In this case the weekly and monthly trend were down and that was one of the reasons for the 100+ pip drop.
Archive for NR Breakouts
Double NR Breakdown
When a currency has a NR pattern let alone a double NR pattern breakouts tend to trend. This is a great 80+ pip example of this system in action.
USDJPY NR7 Inside Bar Breakout
This is a great example in so many different ways. First price was chopping around the hourly moving average. Secondly you can see more statistical strength on upmove then weakness on down move. Then we have a Narrow Range 7 Inside Bar which tends to lead to trends upon breakout which this did. Then price [...]
Tri NR Breakout!
Since the beginning of this blog this is the FIRST Three Period NR patterns with decreasing volatility and the breakout of course trended!
NZDJPY Double NR Breakout
Another example of two NR patterns in a row followed by a breakout and huge uptrend. Notice also the Total Strength statistical uptrend showed more strength then the following weakness, another very predictive sign of a possible uptrend.
Double NR Breakout
This is a great example of a Double NR breakout with decreasing volatility followed by ever more decreasing volatility. The market failed to make lower lows and had very little statistical weakness and thus the breakout to the upside was very likely to trend and it did.
Trading Zones by Multi Time Frame Analysis
First you can see a NR breakout last night which ultimately worked its way up to our predicted high today which made great profit target. Once today’s strength disappeared and formed into a low volatility wedge pattern our level was followed by a 100+ pip drop.
NR Breakout + Fib Profit Target
Here’s a NR breakout that proceded to go directly to the pip to the 1.382 Fibonacci Profit Target as we teach in our classes.
NR7 Breakdown + Weekly Trend Down
Narrow Range breakouts usually work but even more so when weekly and monthly trend is down.
CADJPY NR Breakdown
Another example of NR 4 hour breakdowns. Price went to and reversed at our containment band.
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