We’re looking at the GBPUSD daily chart today where two cascading inside days have formed above a swing level on the daily chart. Inside days signal price stalling and consolidating and are the catalysts for strong breakouts when price finally pushes through. We can see that the chart has been pushing higher lately and has just recently broken back through the significant weekly level marked on the chart, which is also now acting as a daily swing point.
So given that this chart has a bullish bias to it we only favor trading breakouts to the bullish side, using the Price Action Protocol break entry method, we are looking to be triggered in long when price breaks the high of the recent inside day. If price manages to break higher, this clears the way for price to move into much higher prices.
So given that this chart has a bullish bias to it we only favor trading breakouts to the bullish side, using the Price Action Protocol break entry method, we are looking to be triggered in long when price breaks the high of the recent inside day. If price manages to break higher, this clears the way for price to move into much higher prices.