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Re: Golden Forex Techniques

amdudus, Fri Oct 04, 2019 7:39 pm

Now about the important. What is the best way to trade breakouts?
Expect a period of long consolidation. It will be best to enter the deal on the third and subsequent touches at the price of the resistance level, since in this case there are no sellers left, and the price is more likely to break the level.
It is important to pay attention to how the price is selected to the level. If the candles are small and the price gradually rises to the level, most likely, it will be broken.
It is also important to observe the behavior of prices near the level. If the price begins to consolidate when approaching the level, this may mean that there are few sellers in the market to decisively move the price from the level.
Breakout trading can be very profitable if you manage to enter the market at the very beginning of a long-term trend.
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