I’m a huge breakout fan and when I explain breakouts to my students and to other traders, many people will realize that breakouts are really one of the most important things and concepts in trading and a trader that can master breakouts, we’ll be able to master all trading situations, all price situations and all market phases because breakouts are at the origin of new trends.
Breakout, breakouts are the triggers of new trends, breakouts, are the connectors between different trends. And that’s really, really important to understand, between a downtrend as we’ve seen here and an uptrend, usually you will see a range market and the range markets can have many different forms as we will see during the phase of this video. And a breakout is then the trigger point of the new trending phase. So the pattern is connecting the downtrend to the uptrend. And at the core of the pattern, when the pattern is triggered, it is usually with a breakout.
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And also, this is true for trend continuation. So in an overall downtrend you have your initial trending leg, then you have your um, consolidation where the market is just going sideways, you have the breakout out of the pattern and then this leads to a trend continuation. So breakouts are really one of the most important concepts and breakouts are at the core of many trading strategies. So whether you trade trend continuation, whether you trade reversals, whether you trade any other trading style, very, very often a breakout approach is at the core of this trading. And we will see and we will go through many different examples and scenarios in this video. And if you do like those types of videos, please make sure to subscribe to my channel, make sure to leave a thumbs up and also let me know in the comments below what you find most interesting. When it comes to patterns or when it comes to breakout trading.
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#forex #trading #technicalanalysis
5 авг 2024
