EURUSD daily breakout!
We've been anticipating this breakout, price has been trying to pierce through that level and it has been traded in a 5day consolidation, we finally broke out! #eurusd#technicalanalysis#forex#forexsignals
To quote @trade4wealth no matter how long you been trading the market will teach you something new everyday.
EUR bulls came in hot @bluedot_smart_group
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Trading on Margin involves high risk and is not suitable for every investor.
If you guessed up, you’re awesome.
It’s as simple as this, you trade the range boundaries for the best opportunities.
Attempting to trade range breakouts is a different story! It’s difficult – the market often tricks you around the range boundaries, giving the impression that it’s breaking out, when it’s really not.
This is called a breakout trap, or a “fake out”. Very common around the range tops & bottoms, even for experienced traders it is risky – so just stick to trading “bounces” on the range boundaries.
If you want to learn more, i highly recommend you purchase my ownebook.the candlestick trading bible.
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