Profitable Forex Breakout Strategy|How to trade Breakout Trading Strategy Used Professional Traders
What are Forex Breakouts?
We have a breakout when the price of a Forex pair overpowers and eventually breaks out of a specific psychological level. When you look at the price behavior on a chart, you will notice that the prices typically tend to move within and conform to specific levels.

When you see the price hitting a level and quickly reverse, we consider this as an important clue about the strength of the level. And so when price comes back to retest that level, we have to watch price action closely and anticipate a potential breakout or rejection trade setup.

Sometimes, you might see the price hitting the same level a few times. This means that the particular level may be stronger than usual. However the price will eventually break thru any contained levels at some point. This is when we have a breakout trading setup.
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