Strategy Video: Ranking EURUSD, GBPUSD and AUDUSD Breakouts
• GBPUSD has put in for a clean and aggressive technical break, but how far will the move extend?
• Technicals and fundamentals are important when evaluating breakout scenarios
Expect breakouts? Use the DailyFX Breakout 2 strategy to signal or confirm setups!
What makes for a good breakout? Is there a way to determine whether a break will stall immediately after a technical threshold is crossed or if it instigates a lasting trend? While there are no certainties in trading, we can put the probabilities in our favor by looking for certain elements behind a breakout before we decide whether to jump in. From the technical side, the 'trigger' move should be supported by ample trading room and prevailing trends. Fundamentals play a critical role as they can establish the motivations for follow through. We look at a method for evaluating breakouts and apply it to EURUSD, GBPUSD, Gold, NZDUSD and AUDUSD in today's Strategy Video.
Sign up for John’s email distribution list, here.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.