BREAKOUT TRADING TUTORIAL:
I have prepared a short tutorial for you.
The subject again is how to trade a breakout. In this example I will show you my trading setup for next week. Here I see the chance to trade a breakout from a rectangle formation.
Take a close look at the chart. These are very important basics for trading. If you want to see more tutorials, let me know!
Sometimes prices vary within a range such as channels, or a formations such as triangles. A breakout occurs when prices are no longer contained in a range or formation. As you can see in the chart, prices moved within a trading range.
In practice, a breakout is most commonly used to refer to a situation in which the price breaks above a level of resistance and moves higher. Once a resistance level is broken, it often becomes the next level of support when the asset experiences a pullback.
I have prepared a short tutorial for you.
The subject again is how to trade a breakout. In this example I will show you my trading setup for next week. Here I see the chance to trade a breakout from a rectangle formation.
Take a close look at the chart. These are very important basics for trading. If you want to see more tutorials, let me know!
Sometimes prices vary within a range such as channels, or a formations such as triangles. A breakout occurs when prices are no longer contained in a range or formation. As you can see in the chart, prices moved within a trading range.
In practice, a breakout is most commonly used to refer to a situation in which the price breaks above a level of resistance and moves higher. Once a resistance level is broken, it often becomes the next level of support when the asset experiences a pullback.
