| What to look for in breaks and what to look for in failed breaks.
The GBPJPY is making a bearish break today. Not only have we made a break below a prior resistance/support line but also below the 200 day MA. The question traders need to ask now is “Will the break keep the momentum going and how do a see that?” or “Will the break fail and how do I recognize the failure?” In this video, Greg Michalowski, Director of Client Education and Technical Analysis at Forexlive.com, will show you what he looks for on breaks and failed breaks and explains why. |
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