DOUBLE INSIDE BAR STRATEGY - This price action forms when two consecutive bars close within both the high and low of the previous candle - 1st bar known as the "mother bar" - 2nd bar forms within the high and low set by the "mother bar" - 3rd bar forms within the high and low of the initial inside bar before it - Price action indicates low volatility in the market + consolidation - Double inside bar breakouts tend to be much larger on average when compared to the conventional single inside bar trade
** - Typically, a buy stop order would be set a few pips above the high of the 1st inside bar - A Stop loss would then be set just below the 1st inside bars low ** - A sell stop order would be set a few pips below the low of the 1st inside bar - A stop loss would then be set just above the 1st inside bars high