Forex Strategy Video: Before You Trade AUDUSD, GBPUSD, USDJPY Breakouts...
• Market conditions are curbing momentum and trend development
• Trades based on breakouts and trend should be grounded by current conditions
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There is a plethora of potential breakout patterns in the FX market. I am particularly drawn to the AUDUSD, GBPUSD and USDJPY setups. However, the market conditions we have been struggling through as of late could sabotage otherwise straightforward trades. Trend development has proven exceptionally difficult to inspire these past weeks as the market falls short of meaningful and overriding themes. In today's Forex Strategy Video, we discuss how to approach these attractive setups with these difficult trading conditions in mind.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.