Forex Strategy: High Probability Breakout Trading December 19

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.

New to the FX market? Save hours in figuring out what FOREX trading is all about.

Take this free 20 minute “New to FX” course presented by DailyFX Education. In the course, you will learn about the basics of a FOREX transaction, what leverage is, and how to determine an appropriate amount of leverage for your trading.

Register HERE to start your FOREX learning now!

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

    Market Data

    • Currencies
      Currencies
      NamePriceChange% Chg
      1.4208-0.0038-0.27%
      USDSGD=X
      1.52200.000.00%
      EURSGD=X
      1.7590-0.0001-0.01%
      GBPSGD=X
      80.1240-0.043-0.05%
      SGDJPY=X
      5.4581+0.0191+0.35%
      SGDHKD=X
      3.1212+0.0033+0.11%
      SGDMYR=X
      9,416.7539-19.9912-0.21%
      SGDIDR=X
      4.8261+0.0052+0.11%
      SGDCNY=X
      1.0748-0.0011-0.10%
      AUDSGD=X
    • Commodities
      Commodities
      NamePriceChange% Chg
      1,214.70+13.20+1.10%
      GCG17.CMX
      17.16+0.16+0.93%
      SIH17.CMX
      88.68+1.12+1.28%
      ^XAU
      2.62+0.01+0.38%
      HGH17.CMX
      52.33+0.96+1.87%
      CLG17.NYM
    • Bonds
      Bonds
      TreasuryYield (%)Yield Change
      1.94-0.01
      ^FVX
      2.47+0.01
      ^TNX
      3.05+0.01
      ^TYX