So then how everyone trading ? In Malaysia just have a long holiday for Chinse New Year, and here i want to wish Gong XI Fa Chai for the Chinese. Perhaps also just a Happy Valentine for all couples..
Ok .. So sorrry for the late forecast today.I am normally forecast the market at 1200hr@GMT +8 time..But dont have worry, let us see what we have in Forex Factory as usual ...
So, by 3amLT@2pmEDT, we can see that US have FOMC meeting. Hope that it will just became yesterday on FOMC member Hoening speak. That is a very big movement for this month.
The strategy on this event is Breakout. There is no others. So per tonite let us plan our trade on doing Breakout strategy..
Ok then let we have some trading activities on how to plan a breakout strategy
Normally Breakout strategy is during open market on whatever currency as long as you know their open market at what time
As per example for today on GBP/USD M15 during Euro Market Open ..
I am thinking that once you see for the picture, there is nothing to ask right ?The arrow show entry point at the dotted line. The only question is why i have to put Long entry?
So then the answer is only you have to know that there is decreasing triangle. For that pattern it will show normally the movement tend to breakout upward.
So then, actually you can get the knowledge via BabyPips.com for more detail.
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