Breakout level: traded the most profitable setups
You trade the break of the level? If Yes, then you know that a good deal on breakdown can generate substantial profits. However, trading breakouts can often be unprofitable.
For example, you notice that the price breaks the resistance at large bullish candle, so without hesitation you open a trade in the long. However, after some time the price makes a sudden 180-degree turn, and you find yourself in the red. Now you're probably wondering, "What transactions breakdown will be successful and which not, and whether it pre-determined?"
Contents:
What is the breakout level?
How to trade a breakout of the level?
The entrance to a breakout when the price is fixed by level
Entrance at the breakdown with ratescom
Entrance at the breakdown with retesta and a signal price action
Entrance at the breakdown without retesting
How to trade breakouts?
How not to trade the break of the level?
The best way to trade breakouts
How to login to the strongest breakouts?
How to trade a breakout of the level in a strong trend?
What is a breakdown level?
Breakdown is the fixing of the price to a certain level and further movement towards breakdown. But the question of fixing the price should immediately arise in your head, because after all, it is difficult for an inexperienced person to understand what it is. But there is nothing complicated either, fixing is the closing of a candle at a level.
Breakdown can occur at a horizontal or inclined level.