How to Trade The Inside Bar Pattern

The inside bar is one of the most popular candlestick pattern. The inside bar formed when the market trend is at a quite neither building new lows nor new highs with today's market price action. The inside bar pattern can be useful to assist Forex traders trade for breakout.

In this following Forex chart, you can see the movement of an inside bar pattern on the GBPUSD trading chart. In this case , Forex traders can trade entry orders to trade a breakout of either the previous low or high. Forex traders can pick a trend bias for their position with the market trend or use an OCO order to open position buy or sell entry.