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Forex Strategy: High Probability Breakout Trading December 19

By , Head Forex Trading Instructor
19 December 2012 21:25 GMT

Summary: Learn the benefits of a forex trading strategy called breakouts. Identify the 2 key components which make breakouts higher probability using forex technical analysis.

Head Trading Instructor Jeremy Wagner discusses:

*Benefits of a breakout strategy

*Why December is historically tough for breakouts

*Which market conditions tend to perform better with breakouts

*Technical levels to watch on EURUSD, EURJPY, EURAUD, EURNZD

*Is Gold indicating inflation or deflation?

This week, we focused on EUR strength and if it will last. Overall, the New Zealand economy has been one of the first to indicate more sustained growth as they anticipate 2.5-3.0% annual GDP growth. Stick to strong trends to trade the breakouts.

In the webinar, I referenced the NZDJPY as one pair to trade the Japanese Yen weakness.

Learn Forex: Trend Defining Moment in USD/JPY

---Written by Jeremy Wagner, Head Trading Instructor, DailyFX Education

Follow me on Twitter at @JWagnerFXTrader.To be added to Jeremy’s e-mail distribution list, click HERE and enter in your email information.

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19 December 2012 21:25 GMT