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Summary

We will examine several trade examples today so you can see how one simple trick can drastically increase your win rate. Most traders are not aware of the fact that by slightly adjusting your trading strategy it is possible to avoid many losing trades. But you must know the rules for using this trick, we will look at those rules today.

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EUR/USD prerssured on the French COVID-19 lockdown news

EUR/USD falls to print fresh lows on French lockdown news. France expected to announce a nationwide lockdown tomorrow to start on Thursday night. The coronavirus has moved the nation to reinstate its COVID-19 state of a health emergency.

EUR/USD News

USD/JPY looks south with bear flag breakdown on 4H chart

USD/JPY feels the pull of gravity as risk sentiment weakens on coronavirus concerns. Deeper losses look likely, as the 4-hour chart shows a bear flag breakdown. The pattern indicates a continuation of the sell-off from the Oct. 20 high of 105.75, possibly toward 104.00. 

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GBP/USD: Bulls need support to hold bearish pressures

GBP/USD is denying the bulls a clean break to the upside. The price action of cable has been bearish within a bullish setup, although the support structure holds and so long as it does, the bias remains with the upside.

GBP/USD News

Gold bounces-back towards $1910 amid growing coronavirus woes

Gold attempts bids amid coronavirus woes-led risk-aversion, as the bulls fight back control amid a sell-off in the US Treasury yields, triggered by the coronavirus concerns-induced risk-aversion. The benchmark US 10-year Treasury yields drop further below the key 0.80% level.

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WTI falls 1.2% on inventory data

The price of oil has fallen in recent trade as the recent inventory data shows a build on stockpiles, weighing on WTI. Technically, the price is deteriorating on a daily outlook. From a 4-hour perspective, the price might be expected to ....

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