Ming Jong Tey
Independent Analyst
Retail traders might not be familiar with trading the false breakout despite they are used to breakout trading technique. Even if they do, they often overlook one key aspect that is also the most important aspect in trading, especially for price action traders.
In this video, you will find out this overlooked aspect and how to incorporate into trading the false breakout that will help you to boost your winning rate. Watch the video below:
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Editors’ Picks
EUR/USD climbs above 1.1250 as investors eye coronavirus headlines
EUR/USD preserved its recovery momentum early Friday and rose above 1.1250 during the European trading hours. Markets are doubting the Fed's policy tightening prospects as the new coronavirus variant revives concerns over the economic recovery losing steam.
GBP/USD rebounds toward mid-1.3300s on broad dollar weakness
GBP/USD reversed its direction after dipping below 1.3300 earlier in the day and started to push higher toward 1.3350. The greenback is facing heavy selling pressure amid the sharp decline witnessed in the 10-year US Treasury bond yield.
USD/JPY flirts with daily low, around 114.70-65 region
USD/JPY witnessed aggressive long-unwinding trade on Friday amid the risk-off impulse. The new COVID-19 variant spooks investors and triggers a sharp fall in the equity markets. Retreating US bond yields kept the USD bulls on the defensive and added to the selling bias.
Editors’ Picks
EUR/USD climbs above 1.1250 as investors eye coronavirus headlines
EUR/USD preserved its recovery momentum early Friday and rose above 1.1250 during the European trading hours. Markets are doubting the Fed's policy tightening prospects as the new coronavirus variant revives concerns over the economic recovery losing steam.
GBP/USD rebounds toward mid-1.3300s on broad dollar weakness
GBP/USD reversed its direction after dipping below 1.3300 earlier in the day and started to push higher toward 1.3350. The greenback is facing heavy selling pressure amid the sharp decline witnessed in the 10-year US Treasury bond yield.
Gold clings to strong gains above $1,800 as US T-bond yields plunge Premium
Gold staged a decisive rebound on Friday and reclaimed $1,800. The intense flight to safety is causing US Treasury bond yields to fall sharply and fueling XAU/USD's rally. Investors await news on vaccines' effectiveness against the new COVID variant.
Cardano could tank to $1 if ADA fails to defend crucial support
Cardano price is currently hovering below a freshly shattered 6-hour demand zone, ranging from $1.68 to $1.79. This resulting crash could extend to the immediate and critical foothold at $1.40.
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