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False breakout trading. Actual example
Real false breakout trading is what my Perpetual EA trading robot does. For example, here is its trade made on December 23. Note that at 16:15, there was a good sell signal. We also have a false breakout there. Why didn’t the robot trade this signal? Because, at that moment, it had not yet identified…
The Week Ahead – Losing grip – Orbex Forex Trading Blog
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EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.1578; (P) 1.1596; (R1) 1.1615; More… Intraday bias in EUR/USD remains neutral for the moment, as range trading continues. Further decline is expected with 1.1655 resistance intact. On the downside, below 1.1490 and 1.1467 will resume the whole decline from 1.1917 high. Next targets are 1.1390, and then 38.2% retracement of 1.0176…
