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Forex · candlestick pattern

Inside bar on USD/CAD

On USD/CAD the inside bar showed up 980 times. Within 12 candles price broke up 46% of the time, broke down 50% and stayed inside 4%.

Counted on USD/CAD: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily956%44%0%
Hourly97146%50%4%

USD/CAD against the rest

ChartsFoundBroke upBroke downStayed inside
USD/CAD98046%50%4%
All Forex charts14,47149%49%2%
Every market274,73650%48%2%

Year by year

YearFoundBroke upBroke down
2017333%67%
2022560%40%
20247449%46%
202546945%51%
202642847%50%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the inside bar is

A candle fully inside the one before. The market is coiling.

Think of a small box that fits inside a bigger box. An inside bar is a candle whose whole range, wicks and all, fits inside the candle before it. Price is resting in a smaller space, like a spring being squeezed.

The full inside bar lesson, video and quiz ›

Other patterns on USD/CAD

Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · MACD bullish cross · RSI overbought drop · RSI oversold bounce · all of them

The inside bar elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · GBP/INR · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Silver

Questions

How often does the inside bar work on USD/CAD?

In 980 cases on USD/CAD, price broke up 46% of the time, broke down 50% and stayed inside 4% within 12 candles.

What is the inside bar?

A candle fully inside the one before. The market is coiling.