In this video we take a look at the best breakout trading strategy that most price action traders are ignoring that actually costs them a lot.
Traders usually focus on identifying the percentage or larger part of the breaking candle of a key level and only how that candle breaking a key level closes and they tend to forget aspects like momentum of how the price retests that broken area and also the behavior with which price broke the key area .
The energy, speed and pace price approaches your marked level of value or interest is key to the breakout holding out
Secondly the manner in which price returns to the broken level also should be considered and incase the move that broke the level was so aggressive ,the trader may apply tools like the fib tool
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⚠️DISCLAIMER This video expresses our personal opinions only. Trading financial markets involves risk, and is not suitable for all investors. We are not responsible for any losses incurred due to your trading or anything else. We do not recommend any specific trade or action, and any trades you decide to take are your own.
#breakout #trading #forex
24 авг 2024