Hi Long: I understand that inside close is harami/range. And outside close is engulfing/trend.
How do you trade the outside close when it is counter trend? For example, like 11-15-21 AUDUSD daily bar. Close is outside the range of 11-12-21 daily bar. Do you have a video showing how you trade this counter trend?
Countertrend trading is the opposite trading approach
in which the trader seeks to profit from the price movement
that is going against the prevailing trend.
Countertrend trading is a form of swing trading that assumes
that the current market trend will reverse or retrace and
then try to capitalize on the pullback as the underlying trend continues.
Countertrend trading strategies are strategies
that look for a trend that is about to change and try to make a profit
by trading at the beginning of a reversal pattern.
Some traders consider them to be more risky than trend trading,
but your risk is mitigated by determining
which signals or signals you will use to detect a trend change.
if you want to take profit