The biggest challenge in breakout trading is the "Fakeout." This happens when the price breaks a level, lures traders in, and then immediately reverses. To protect my capital, I use two main filters. First, I check the Volume. A genuine breakout...
The image you provided shows a 1 hour candlestick chart for the **USD/JPY** (US Dollar vs. Japanese Yen) currency pair, covering a period from late April to early May. Here is a technical breakdown of the price action and market structure shown: 1....
In my early days of trading, I used to think that risk management was for people who weren't "brave" enough to take big risks. I learned the hard way after blowing two accounts in a single month. The market doesn't care about your bravery; it only...
USD/JPY Forecastollar Stalls Below 157.00 as Intervention Risk Keeps Yen Bears Intervention Warnings Limit Dollar Recovery USD/JPY is trading around 156.80, struggling to extend its rebound after recovering from the sharp post-intervention decline....
News for trading Today we have high-impact news. The high-impact news involving various currencies. We have some low and medium-impact news as well. There will be much volatility in that area and with any pair related to the currencies seen below....
