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The False Breakout Strategy Every Forex Trader Needs to Know
Consider the following scenario. You’ve had EURUSD on your watch list for weeks. More specifically, you’ve been waiting for a break below a key support level to take advantage of the selloff that’s sure to follow. After three weeks of practicing saint-like patience and unshakable discipline, the Euro finally sells off against the US dollar and closes below support. The wait is over! You open your trading platform, enter the necessary details of the trade and place a limit order. Before you go to bed, you work out what the profit will be one last time out of sheer excitement. The following morning you awake to ... (full story)