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 stays defensive near 1.0300 ahead of US CPI
EUR/USD remains under pressure near 1.0300 in the European trading hours on Wednesday. The pair is undermined by a broadly steady US Dollar and a tepid risk sentiment ahead of the US CPI inflation data release. Dovish ECB commentary also remain a weight on the pair.
GBP/USD recovers to 1.2200 despite softer UK inflation data
GBP/USD erases losses to retake 1.2200 in the European session on Wednesday. The Pound Srerling shakes off a surprise cooldown in the UK inflation. The December UK CPI inflation fell to 2.5% YoY vs. 2.7% expected. The focus now shifts to US CPI data.
USD/JPY drops below 157.50 after BoJ Ueda's comments
USD/JPY has come under renewed selling pressure and drops below 157.50 in the early European morning on Wednesday. The pair retraces from near 158.00 after BoJ Governor Ueda talks up the odds of a rate hike next week. Meanwhile, US Dollar stays subdued ahead of the crucial US CPI report.
Editors’ Picks
GBP/USD recovers to 1.2200 despite softer UK inflation data
GBP/USD erases losses to retake 1.2200 in the European session on Wednesday. The Pound Srerling shakes off a surprise cooldown in the UK inflation. The December UK CPI inflation fell to 2.5% YoY vs. 2.7% expected. The focus now shifts to US CPI data.
EUR/USD stays defensive near 1.0300 ahead of US CPI
EUR/USD remains under pressure near 1.0300 in the European trading hours on Wednesday. The pair is undermined by a broadly steady US Dollar and a tepid risk sentiment ahead of the US CPI inflation data release. Dovish ECB commentary also remain a weight on the pair.
Gold price turns positive for the second straight day amid softer USD; US CPI in focus
Gold price reverses an intraday dip to the $2,669 area and turns positive for the second straight day on Wednesday, though the upside seems limited ahead of the US CPI report. The US Dollar hangs near the weekly low touched in reaction to the softer US PPI on Tuesday and turns out to be a key factor lending support to the commodity.
Bitcoin and Ethereum rebound, Ripple rallies ahead of CPI data
Bitcoin and Ethereum prices continue to recover on Wednesday after finding support around their key levels this week. On the other hand, Ripple remains strong and found support around its upper symmetrical triangle boundary, suggesting a rally continuation.
Small business optimism shoots up in December
Small business sentiment continued to improve in December alongside greater economic and public policy certainty. The NFIB Small Business Optimism Index rose 3.4 points to 105.1, reaching its highest level since October 2018.
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