2024-12-28 16:58
In der IndustrieHow to Trade Breakouts in Forex
1. Identify Key Support and Resistance Levels
Look for areas where the price has previously struggled to break through.
2. Wait for the Break
A breakout is confirmed once the price moves past the support/resistance level with strong momentum.
3. Enter the Trade
Place a buy order above resistance or a sell order below support, typically with a small buffer.
4. Set Stop-Loss Orders
Place stops just inside the breakout point to protect from false breakouts.
5. Set Profit Targets
Use previous support or resistance levels, Fibonacci extensions, or volatility measures for exit points.
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How to Trade Breakouts in Forex
Hong Kong | 2024-12-28 16:581. Identify Key Support and Resistance Levels
Look for areas where the price has previously struggled to break through.
2. Wait for the Break
A breakout is confirmed once the price moves past the support/resistance level with strong momentum.
3. Enter the Trade
Place a buy order above resistance or a sell order below support, typically with a small buffer.
4. Set Stop-Loss Orders
Place stops just inside the breakout point to protect from false breakouts.
5. Set Profit Targets
Use previous support or resistance levels, Fibonacci extensions, or volatility measures for exit points.
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