Forex Trading Blog

Opinions – Not Facts

This blog consists of contributions from FX EDU staff, executives and people that have a relationship with FX EDU. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FX EDU policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FX EDU policy, please contact FX EDU through the firm's official website, www.fxedu.com.

« Existing Home Sales, Better than Expected @ 4.72 Million Homes Sold! | Home | Yen Crosses up 4% in one single day! »

Long Term Breakout Trades up 500-1,000 pips within weeks!

By Sean Hyman | March 23, 2009

Update on the long term breakout trades

Back on March 19^th, I tipped you off to the USD/ZAR breakout out to the downside. Today it sits about 1,000 pips below the breakout point. This trade still may have much more to go.

You should have done very well on that trade. Here’s the link to the original story below.

http://www.forextradingblog.com/what-is-going-on-in-the-market/exotic-currency-breakout-usdzar-south-african-rand/

The next long term breakouts were on these yen crosses: EUR/JPY, NZD/JPY. Both of these are up about 500-600 pips since the article on March 11^th. See the original article here.

http://www.forextradingblog.com/what-is-going-on-in-the-market/two-long-term-potential-breakouts-about-to-happen/

Sean Hyman