Ming Jong Tey
Independent Analyst
Retail traders love to trade breakout yet their winning rate is low. Most of them are not comfortable to trade false breakout because they get used to breakout trading.
In this video, you will find out how to trade the false breakouts and profit from trapped traders with Wyckoff upthrust pattern and how the false breakout is initiated by these three groups of traders. Watch the video below:
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Editors’ Picks
EUR/USD weakens below 1.0900 on trade tensions
The EUR/USD pair loses ground to around 1.0880 during the Asian trading hours on Thursday. The escalating trade tension between the United States and the European Union exerts some selling pressure on the Euro against the Greenback.
GBP/USD maintains position above 1.2950 near four-month highs
GBP/USD attempts to extend its gains for the third successive day, trading around 1.2960 during the Asian session on Thursday. The GBP/USD pair rises as the US Dollar faces headwinds amid ongoing tariff uncertainty from Trump and growing concerns over a potential US recession.
USD/JPY turns lower to near 148.00 amid divergent BoJ-Fed expectations
USD/JPY turns south to test 148.00 in Thursday's Asian session. A cautious risk tone and concerns over a global trade war keep the Japanese Yen underpinned, dragging the pair lower. The pair also faces headwinds from the divergent BoJ-Fed policy expectations.
Editors’ Picks
EUR/USD weakens below 1.0900 on trade tensions
The EUR/USD pair loses ground to around 1.0880 during the Asian trading hours on Thursday. The escalating trade tension between the United States and the European Union exerts some selling pressure on the Euro against the Greenback.
Gold price retains positive bias for the third straight day; remains close to all-time peak
Gold price attracts buyers for the third successive day and climbs to the $2,947 region during the Asian session on Thursday, back closer to the all-time peak touched on February 24.
GBP/USD maintains position above 1.2950 near four-month highs
GBP/USD attempts to extend its gains for the third successive day, trading around 1.2960 during the Asian session on Thursday. The GBP/USD pair rises as the US Dollar faces headwinds amid ongoing tariff uncertainty from Trump and growing concerns over a potential US recession.
Ethereum: Staking could be catalyst to drive ETH's price 'more than Pectra upgrade': K33 Research
Ethereum traded around $1,860 in the Asian session on Thursday as its price remained largely subdued by bearish sentiment weighing on the general crypto market.
Brexit revisited: Why closer UK-EU ties won’t lessen Britain’s squeezed public finances
The UK government desperately needs higher economic growth as it grapples with spending cuts and potential tax rises later this year. A reset of UK-EU economic ties would help, and sweeping changes are becoming more likely.
RECOMMENDED LESSONS
Making money in forex is easy if you know how the bankers trade!
Discover how to make money in forex is easy if you know how the bankers trade!
5 Forex News Events You Need To Know
In the fast moving world of currency markets, it is extremely important for new traders to know the list of important forex news...
Top 10 Chart Patterns Every Trader Should Know
Chart patterns are one of the most effective trading tools for a trader. They are pure price-action, and form on the basis of underlying buying and...
7 Ways to Avoid Forex Scams
The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?
What Are the 10 Fatal Mistakes Traders Make
Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.