An inside bar formed on GBPUSD daily TF yesterday and today's bar is trying to break the high of the bar 2 days ago.
Does the wick only have to break yesterday's IB or must today's bar close above yesterday's high for it to be a valid inside bar set up?
My understanding of the IB trade is that the 3rd bar must break the 1st and 2nd bar high and close above it to be a valid trade. And assuming it does, we put a limit buy order above that third bar?
Does the wick only have to break yesterday's IB or must today's bar close above yesterday's high for it to be a valid inside bar set up?
My understanding of the IB trade is that the 3rd bar must break the 1st and 2nd bar high and close above it to be a valid trade. And assuming it does, we put a limit buy order above that third bar?