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 falls below 1.1600 ahead of US data
EUR/USD stays under bearish pressure in the European session and trades below 1.1600. The renewed USD strength ahead of weekly Initial Jobless Claims and June Retail Sales data from the US makes it difficult for the pair to hold its ground.
GBP/USD stays near 1.3400 after mixed UK employment data
GBP/USD struggles to build on Wednesday's gains and trades in negative territory near 1.3400 on Thursday. The data from the UK showed that the ILO Unemployment Rate rose to 4.7% in the three months to May, while the Claimant Count Rate remained steady at 4.5%.
Japanese Yen adds to intraday losses; USD/JPY climbs to 148.80 amid broad-based USD strength
The Japanese Yen selling remains unabated through the early European session on Thursday, which along with a goodish pickup in the US Dollar demand, lifts the USD/JPY pair to the 148.80 region in the last hour. Data released earlier today showed that Japan clocked a smaller-than-expected trade surplus in June.
Editors’ Picks
EUR/USD falls below 1.1600 ahead of US data
EUR/USD stays under bearish pressure in the European session and trades below 1.1600. The renewed USD strength ahead of weekly Initial Jobless Claims and June Retail Sales data from the US makes it difficult for the pair to hold its ground.
GBP/USD stays near 1.3400 after mixed UK employment data
GBP/USD struggles to build on Wednesday's gains and trades in negative territory near 1.3400 on Thursday. The data from the UK showed that the ILO Unemployment Rate rose to 4.7% in the three months to May, while the Claimant Count Rate remained steady at 4.5%.
Gold price retains its positive bias amid a broadly weaker USD; lacks bullish conviction
Gold price trades with a mild positive for the second straight day on Thursday, though it lacks follow-through and remains below the $3,350 level through the early European session. Reports that US President Donald Trump was considering replacing Federal Reserve Chair Jerome Powell raised concerns over the future independence of the US central bank.
Bitcoin Cash targets 52-week high as on-chain data indicate room for growth
Bitcoin Cash (BCH) is trading in the green by 2% at press time on Thursday, following a 6.39% price surge on Wednesday. Rising in a parallel channel pattern, BCH shows signs of increasing bullish momentum and nearing the $500 psychological level.
Could Iran block the Strait of Hormuz? Why Oil is on edge after US strikes
As the Israel-Iran conflict reaches new heights, an old threat is coming back to haunt the markets: that of the closure of the Strait of Hormuz. This narrow arm of the sea in the Persian Gulf, wedged between Iran to the north and the United Arab Emirates and Oman to the south, is much more than a simple sea passage.
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