AUDJPY - Analysis about false break and some thought to avoid it
Some thought to confirm it was a false break and also way to avoid it.
False break is actually some price action that often happen and usually caused a lots people loss theirs trades.
In most cases, false break is usually happened at a level that most people think is significant and have been break. My personal view is we should wait for clear and obvious breakout to happen instead of just jump into a trade so easily and tell ourselves that breakout continuation trade is going to be happened.
False break is actually some price action that often happen and usually caused a lots people loss theirs trades.
In most cases, false break is usually happened at a level that most people think is significant and have been break. My personal view is we should wait for clear and obvious breakout to happen instead of just jump into a trade so easily and tell ourselves that breakout continuation trade is going to be happened.