Best Breakout Trading Strategy (MUST KNOW) | How to Trade Forex Breakouts like a Pro
#tradingstrategy #breakouttrading #breakouttradingstrategy
In this video, I’ll be showing you a simple breakout trading strategy that can help you profit from huge price movements.
Today we will learn breakout trading strategy in forex trading. The best breakout trading is very easy but you need to learn before.
Some time we can see Fake breakout in this strategy. You can learn easily breakout trading strategy in forex trading. Maximum members are interested to trading strategy. You can use this strategy in day trading strategy also.
Learn forex trading & forex trading strategy to become expert in day trading breakout strategy. You can see channel breakout trading strategy in forex trading. Learn intraday breakout trading strategy to become expert in forex trading.
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What is Breakout Trading?
In order to understand breakout trading, it is important to remember two types of breakouts. Our team at Trading Strategy Guides has identified two types of breakout trading setups:
Support and Resistance breakouts
Swing high and Swing Low breakouts
So what is breakout trading?
Breakout trading is an attempt to enter the market when the price moves outside a defined price range (support or resistance). However, a genuine breakout needs to be accompanied by increased volume.
Read Support and Resistance Zones – Road to Successful Trading, to learn how to identify support and resistance.
The Best Breakout Trading Strategy
(Rules for a Buy Trade)
Step #1: Identify a clear price range or a “V” shape swing high and mark that price level on the chart.
Step #2: Wait for a break and a close above the resistance level
Step #3: Buy at the breakout candle closing price only if the VWMA is stretching up.
Step #4: Place your SL below the breakout candle and take profit when you see a break below the VWMA.
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Background music credit goes to;
“Basic Implosion”
Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0
https://creativecommons.org/licenses/by/3.0/
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