Forex trading education: What to look for on a technical break in your forex trading
Trading breaks. Do you go with it? What if the break fails?
The GBPJPY is making a bearish break today. Not only have we made a break below a prior resistance/support line but also below the 200 day MA.
The question traders need to ask now is
"Will the break keep the momentum going and how do a see that?" or
"Will the break fail and how do I recognize the failure?"
In this video, I will show you what I look for on a break and also explain what clues you can look for that tell you the break is failing.
Be sure to give it a thumbs up or thumbs down on our YouTube page. Also feel free to comment.
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