If you follow this blog you probably know that one of my favourite setups is the "failed break patterns". Why do I like these setups?

  • Simple and visual - only require 2 steps
  • Capitalize on emotions, supply and demand
  • No indicators required
  • Can be traded using any instrument

I’ve shown a number of example in the past using stocks, now let’s look at how I’d trade the EUR/USD and USD/CAD pairs using this method…

(please click the chart to see it bigger)

EuroUSD

USDCAD

Other failed patterns posts/articles around the web: