Live Trade – ‘Fakey’ Price Action Setup on GBPUSD
['Nial Fuller']
Learn To Trade The Market
While we are trading a contrarian setup we still want to trade the forex fakey in the direction of the dominant trend. Instead of trading the obvious looking breakout as most amateurs do, when trading the fakey you wait for the breakout and then take a trade in the opposite direction but WITH the dominate higher time frame trend. The 4 hour fakey that I discuss in the above video occurred within the context of the previous days pin bar / inside bar combo setup, this added further validity to the 4 hour fakey.