Basic Skill: Inside Bar, 100% Simple but Profitable
Good morning, greetings profit
serial "Basic Skill". This time I will share a candlestick pattern that is often used to capture profits from market movements with fairly good accuracy. This pattern is not the only one coz there are still other patterns, hopefully on the next occasion I can share other patterns to complete the Basic Skill collection that all traders should know and understand.
What is the Inside bar?
Immediately, for beginners who don't know what's inside the bar, this is how it looks:
Inside bar is a row of two or more candles where the second and next candle are in the first candle area (mother candle)
What happens in the market when the Inside bar appears?
Before entering the material, we must first know what an Inside bar means, so when trading you know what is happening in the market right now, so you can prepare for all anticipations.
The inside bar can be called a "flashing light" or a sign that indicates a reversal or a continuation trend will occur, or in other words the inside bar is a period of consolidation of market movements. So when this pattern appears you can get ready to enter the market.
How do you trade with the Inside bar?
Given that the inside bar can be a signal reversal or signal continuation, there are two entry methods. But first keep in mind that there will be a lot of Inside bar on the chart, especially in small TFs like H1, for that please read my previous article which discusses "Increasing Accuracy of Signal Entry for Maximum Profit" to find out which signal is worth executing ignored.
Inside Bar as a signal reversal
Usually the Inside bar like this is located in the area of Support and resistance, it rarely happens, but it doesn't hurt if you know to add our repertoire about pattern price action
Linkback: https://www.forex.zone/trading-systems/10/inside-bar/2113/