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Abstract: Breakout traders can identify inside days with nothing more than a basic candlestick chart. Some traders use the inside day strategy on hourly charts, which works to some success, but identifying inside days on daily charts tends to lead to an even greater probability of success. For day traders looking for inside days on hourly charts, chances of a solid breakout increases if the contraction precedes the London or U.S. market opens. Traders using the daily charts could look for breakouts ahead of major economic releases for the specific currency pair. For higher-probability trades, technical formations can be used in conjunction with the visual identification to place a higher weight on a specific direction of the breakout. With the inside day breakout strategy, the risk is generally pretty high if done on daily charts, but the profit potentials following the breakout are usually fairly large as well.