Ming Jong Tey
Independent Analyst
Trading the breakout is one of the most popular and profitable trading techniques that professional traders adopt. However, retail traders usually get trapped by the false breakout rather than profit from it mainly because they fail to interpret the volume to determine if the buyers or the sellers are dominating.
In this video you will find out the proper ways to trade the breakout like a pro before it makes the greatest gains by trading the Wyckoff sign of strength rally with pullback trading strategy. Watch the video below:
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Editors’ Picks
EUR/USD climbs to two-week high above 1.1700
EUR/USD gathers bullish momentum and trades at its highest level in two weeks above 1.1700 on Tuesday after closing in positive territory on Monday. In the absence of high-tier data releases, investors will remain focused on headlines surrounding the EU-US dispute over Greenland.
GBP/USD ignores UK jobs data, advances toward 1.3500
GBP/USD regains its traction and rises toward 1.3500 on Tuesday. Investors ignore the data from the UK, which showed that the ILO Unemployment Rate remained unchanged at 5.1% in the three months to November, and continue to pay close attention to the EU-US conflict.
Japanese Yen weakens as snap election stokes fiscal concerns; USD/JPY climbs above 158.50
The Japanese Yen turns lower for the second consecutive day following a modest intraday uptick on Tuesday and retreats further from a one-week high, touched against a broadly weaker US Dollar the previous day. Japan's long-dated yields shot to a record high a day after Prime Minister Sanae Takaichi announced a snap election, fueling fiscal worries and weighing on the JPY.
Editors’ Picks
Gold extends rally, notches new record-high above $4,700
Gold builds on Monday's impressive gains and trades at a new record-high well above $4,700 on Tuesday. Escalating geopolitical tensions and growing fears of deepening trade conflicts, alongside the broad-based selling pressure surrounding the US Dollar, fuel XAU/USD's rally.
GBP/USD ignores UK jobs data, advances toward 1.3500
GBP/USD regains its traction and rises toward 1.3500 on Tuesday. Investors ignore the data from the UK, which showed that the ILO Unemployment Rate remained unchanged at 5.1% in the three months to November, and continue to pay close attention to the EU-US conflict.
EUR/USD climbs to two-week high above 1.1700
EUR/USD gathers bullish momentum and trades at its highest level in two weeks above 1.1700 on Tuesday after closing in positive territory on Monday. In the absence of high-tier data releases, investors will remain focused on headlines surrounding the EU-US dispute over Greenland.
Pi Network rebounds slightly but selling pressure persists
Pi Network edges higher by 1% at press time on Tuesday, signaling a minor recovery after recording a fresh record low of $0.1502 on Monday. Mainnet holders have withdrawn over 4 million PI tokens from centralized exchanges supporting Pi Network over the last 24 hours.
Greenland tariffs: What happened, and how to position for the new Europe risk premium
Over the weekend, President Trump threatened a new round of tariffs on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and the UK, with reporting flagging 10% from February 1 and a possible step-up later.
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