FinancialGamblR

Breakout Continuation On GBPAUD

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OANDA:GBPAUD   ポンド/豪ドル
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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