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FinancialGamblR

Breakout Continuation On GBPAUD

Long
British Pound / Australian Dollar (OANDA:GBPAUD)  
FinancialGamblR  
OANDA:GBPAUD   British Pound / Australian Dollar
Support and Resistance Candlestick Analysis Supply and Demand GBPAUD GBP aud Forex trading analysis daytrading priceaction
2
0
supportandresistance candlestick supplyanddemand gbpaud gbp aud forex trading analysis daytrading priceaction
See Signposts for key price action details.

I generally don't like breakout continuation plays as I often don't find them working out. Lately, I've been refining this so that I'm only trading the breakout continuation when a "reversal" move is underway. This tends to be more reliable than trying to trade a breakout continuation in the direction of the existing trend. For example, a breakout to the upside on an overall uptrend is less likely to succeed.
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