Reminder: Save 30% Off Nial Fuller's Pro Forex Trading Course & Daily Trade Setups Newsletter (Ends August 31st) - Click Here
Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

author thumb
By in Forex Trading Videos on | No Comments

Inside Bar Break-Out Forex Strategy on AUDUSD daily chart, extremely nice forex trade with 3 to 1 profit. These are the best setups I use to play break outs.

Video Synopsis – Inside Bar Strategy on AUDUSD

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. While this is true for the most part, sometimes I do take counter-trend trades on intra-day charts if they occur at a strong horizontal support or resistance line and a price action setup forms here, for beginners though, they should stick to the general trend direction.

In this video I discuss a perfect example of a breakout setup that occurred in the AUDUSD. 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. We need to be able to make at least 2 times our risk on any price action setup; the setup in this video provided at least 2 times our risk. 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. This video is an excellent example of how I make money with the inside bar strategy forex.

author image

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008. Checkout Nial's Professional Forex Course here.

Comments are closed.