When trading Forex in IQ Option, Fakey pattern is one of the most important and powerful trading signals that you need to understand. It helps us determine whether the “big players” have successfully activated the “trap” or not, giving us a good clue for the next price behavior. Let’s read this article to learn more useful knowledge about the financial market.<\/p>\n

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What is the Fakey Pattern?<\/h2>\n

Fakey pattern is also known by many different names such as bull trap, bear trap, price trap pattern… In general, it is one of the price action candlestick patterns.<\/p>\n

Fakey is simply a combination of an Inside Bar and a false breakout.<\/p>\n

Fakey’s structure includes:<\/p>\n

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• An Inside bar pattern (1 Mother bar and 1 inside bar)<\/li>\n
• An inside bar breakout candle<\/li>\n
• The final is a reversal candle from the previous breakout candle. After Fakey is formed, the market will move in the direction of the reversal candle.<\/li>\n<\/ul>\n