{"id":176545,"date":"2023-04-23T01:30:00","date_gmt":"2023-04-23T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=176545"},"modified":"2023-04-22T23:41:30","modified_gmt":"2023-04-23T06:41:30","slug":"eurusd-inside-doji-bar","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/eurusd-inside-doji-bar\/","title":{"rendered":"EURUSD Inside Doji Bar, Tight Bull Channel"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p><strong>EURUSD\u00a0<\/strong>inside doji bar and tight bull channel formed on weekly chart which means strong bulls. The bulls want a strong breakout above the February 2 high and another strong leg up. If there is a pullback, odds slightly favor buyers below the first pullback from such a strong bull micro channel. The bears want a minor pullback from the wedge (Mar 7, Mar 23, and Apr 14) and a micro wedge (Mar 23, Apr 4, and Apr 14) pattern.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">EURUSD Forex market <\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> EURUSD chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Weekly-Inside-Doji-Tight-Channel-\u2013-6-Bar-Bull-MC.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Weekly-Inside-Doji-Tight-Channel-\u2013-6-Bar-Bull-MC-680x383.png\" alt=\"EURUSD Inside Doji Bar, Tight Bull Channel, and 6-Bar Bull Micro channel on weekly chart.\" class=\"wp-image-176671\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Weekly-Inside-Doji-Tight-Channel-\u2013-6-Bar-Bull-MC-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Weekly-Inside-Doji-Tight-Channel-\u2013-6-Bar-Bull-MC-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Weekly-Inside-Doji-Tight-Channel-\u2013-6-Bar-Bull-MC-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Weekly-Inside-Doji-Tight-Channel-\u2013-6-Bar-Bull-MC-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Weekly-Inside-Doji-Tight-Channel-\u2013-6-Bar-Bull-MC.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This week\u2019s candlestick on the\u00a0<a href=\"https:\/\/www.investing.com\/currencies\/eur-usd\" target=\"_blank\" rel=\"noreferrer noopener\">weekly EURUSD Forex chart<\/a>\u00a0was almost a perfect EURUSD inside doji bar with a prominent tail below.<\/li>\n\n\n\n<li>Last week, we said that odds slightly favor at least a small second leg sideways to up as there are usually buyers below the first pullback from such a strong bull micro channel.<\/li>\n\n\n\n<li>The move up since March 15 is in a tight bull channel and the bulls have a 6-bar bull micro channel. That means strong bulls.<\/li>\n\n\n\n<li>The bulls want a strong breakout above February 2 high and another strong leg up, possibly retesting February 2022 highs.<\/li>\n\n\n\n<li>For that, they need to create follow-through buying breaking far above the February 2 high.<\/li>\n\n\n\n<li>The current move up is strong enough for traders to expect at least a small second leg sideways to up after a pullback.<\/li>\n\n\n\n<li>The bears want a reversal down from a higher high major trend reversal. They see a wedge (Mar 7, Mar 23, and Apr 14) and a micro wedge (Mar 23, Apr 4, and Apr 14).<\/li>\n\n\n\n<li>They want a failed breakout above the February 2 high and a retest of the March 15 low.&nbsp;<\/li>\n\n\n\n<li>The problem with the bear\u2019s case is that the current move-up is in a tight bull channel and they have not been able to create any strong bear bars.<\/li>\n\n\n\n<li>The bears hope that the strong move up is simply a buy vacuum retest of the February 2 high.<\/li>\n\n\n\n<li>They will need to create a strong reversal bar or a micro double top before traders will be willing to sell more aggressively.<\/li>\n\n\n\n<li>Since this week is an inside doji bar, the EURUSD is in a breakout mode.\u00a0<\/li>\n\n\n\n<li>The bulls want a breakout above this week\u2019s high while the bears want a breakout below this week\u2019s low.<\/li>\n\n\n\n<li>The first breakout from an inside bar can fail 50% of the time.<\/li>\n\n\n\n<li>The wedge and micro wedge increase the odds that we may see a minor pullback begin at any moment.&nbsp;<\/li>\n\n\n\n<li>If there is a pullback, odds slightly favor buyers below the first pullback from such a strong bull micro channel.<\/li>\n\n\n\n<li>EURUSD is in a trading range between 1.1 and 1.05. Traders will BLSH (Buy Low, Sell High) within the trading range.<\/li>\n\n\n\n<li>Until there is a strong breakout above with follow-through buying, the current leg could simply be a bull leg within a trading range.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Daily<\/em> EURUSD chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Daily-Wedge-Higher-High-MTR-but-Tight-Channel.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Daily-Wedge-Higher-High-MTR-but-Tight-Channel-680x383.png\" alt=\"EURUSD Daily: Wedge, Higher High MTR, but Tight Channel\" class=\"wp-image-176674\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Daily-Wedge-Higher-High-MTR-but-Tight-Channel-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Daily-Wedge-Higher-High-MTR-but-Tight-Channel-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Daily-Wedge-Higher-High-MTR-but-Tight-Channel-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Daily-Wedge-Higher-High-MTR-but-Tight-Channel-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Daily-Wedge-Higher-High-MTR-but-Tight-Channel.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The EURUSD traded lower on Monday followed by a sideways trading range.<\/li>\n\n\n\n<li>Last week, <a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-tight-bull-channel\/\" target=\"_blank\" rel=\"noreferrer noopener\">we said that the bears need to create follow-through selling<\/a> early this week to increase the odds of a deeper pullback.<\/li>\n\n\n\n<li>The bears got follow-through selling on Monday but failed to get sustained selling for the rest of the week.<\/li>\n\n\n\n<li>They want a reversal down from a higher high major trend reversal (with Feb high) and a wedge pattern (Mar 23, April 4, and April 14).<\/li>\n\n\n\n<li>The problem with the bear\u2019s case is that they have not been able to create sustained follow-through selling since March 15.<\/li>\n\n\n\n<li>The bears need to create consecutive bear bars closing near their lows breaking the bull trend line.<\/li>\n\n\n\n<li>The wedge bear flag near the top of the trading range increases the odds of a pullback which can begin at any moment.<\/li>\n\n\n\n<li>If the EURUSD trades higher, they want it to reverse down from a small double top with April 14 high.<\/li>\n\n\n\n<li>The bulls got a larger second leg sideways to up from a double bottom bull flag with January 6 low.&nbsp;<\/li>\n\n\n\n<li>The move-up is in a tight bull channel. That means strong bulls.<\/li>\n\n\n\n<li>They want a breakout above the February 2 high and another strong leg up.<\/li>\n\n\n\n<li>If there is a pullback, the bulls want a larger second leg sideways to up retesting April 15 high.<\/li>\n\n\n\n<li>For now, traders will see if the bears can create more selling pressure by breaking far below the 20-day exponential moving average.<\/li>\n\n\n\n<li>If the current pullback remains sideways with overlapping candlesticks, the odds will favor another leg up after that.<\/li>\n\n\n\n<li>Until the bears can create strong consecutive bear bars, odds continue to slightly favor sideways to up after a moderate pullback.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: EURUSD Forex EURUSD\u00a0inside doji bar and tight bull channel formed on weekly chart which means strong bulls. The bulls want a strong breakout above the February 2 high and another strong leg up. If there is a pullback, odds slightly favor buyers below the first pullback from such a strong bull micro channel. [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":176674,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[1842,136],"tags":[281,1865,1862,341],"class_list":{"0":"post-176545","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forex","8":"category-analysis","9":"tag-eurusd-forex","10":"tag-inside-bar","11":"tag-tight-bull-channel","12":"tag-wedge","13":"entry","14":"override","15":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/EURUSD-Daily-Wedge-Higher-High-MTR-but-Tight-Channel.png","author_info":{"display_name":"Andrew","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/andrewa\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/176545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/2836"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=176545"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/176545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/176674"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=176545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=176545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=176545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}