FCPO 23 August 2021 : False Breakout
1. False breakout when price opens below previous day support and immediately close back inside the range without rejection.
2. Entry when price close inside the zone.
3. Or entry during pullback rejection.
4. Usually fake breakouts produce large movements. the daily range for FCPO almost 100~130 ticks.
2. Entry when price close inside the zone.
3. Or entry during pullback rejection.
4. Usually fake breakouts produce large movements. the daily range for FCPO almost 100~130 ticks.
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