In terms of inside bar trade as a day trader, I don't usually trade inside day directly as it may have huge risk that I can only take a small position. While of course, the larger the time frame, the more significant the breakout, so I often wait for the breakout of an inside day and find intraday opportunities in line with the directions.
In this USDCAD inside day case, breaking to the upside means a trend continuation, and breaking to the downside can be taken as a confirmation entry of the resistance level. Moreover, it's only 40 pips risk!
I think it's a worth taking trade, let's see how it goes!
--
Just created a recommendation link of TradingView (linked to live chart), welcome to click it as a like button lol. tradingview.go2cloud.org/SH1RI
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.