Inside Bar Break-Out Forex Strategy on Daily Chart
['Nial Fuller']
Learn To Trade The Market
In this video I am discussing a trade on the AUDUSD, in the previous video I discussed a EURUSD trade that was against trend which generated a lot of email inquiries, a lot of people think I only trade with the trend. A strong horizontal resistance level formed in the AUDUSD and then price broke above this level, we then got an inside bar setup just above this resistance after price broke above it. The inside bar in this video formed in the direction of the dominant trend, I bought on stop just above the high of the mother bar, the mother bar is the bar preceding the inside bar that completely engulfs it.