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Understand the forex market. In order to employ the breakout fading strategy, you should be able to identify likely false breakouts. There are some technical formations where the false breakouts are more likely to occur in the currency price charts. You need to apply a lot of common sense in identifying a false breakout.Learn forex [...]

Understand candlestick patterns.The Bearish Gravestone Doji: A Doji is created when the opening and closing prices of the day are the same. However, when the opening and closing prices of the day are equal to the low of the day, the most bearish of Doji, the Gravestone Doji is formed.Learn forex trading and develop your [...]

Understand candlestick patterns.Hanging Man & the Hammer: The hammer or the hanging man is identified by the small candle that appears at the very top of the pattern! There is usually a pretty long wick at the bottom. If you see this pattern at the bottom of a downtrend, you are looking at a [...]