1. Trendline Breakout Trading $Haedal
Confirm the trendline: A valid trendline should touch at least 2–3 swing highs or lows.
Wait for a breakout: Price must break and close beyond the trendline.
Use confirmation: Volume increase, candlestick patterns (e.g., bullish engulfing), or momentum indicators like RSI can confirm the breakout.
Enter a trade: On breakout close or on a retest of the trendline.
Set stop-loss: Below the breakout candle or behind the last swing high/low.
Set target: Based on prior support/resistance or risk-reward ratio.
2. Trendline Fakeout
The breakout candle is weak or followed quickly by a reversal.
Lack of volume or momentum confirming the move.
Price fails to hold above/below the trendline for more than 1–2 candles.
Disclaimer : All trading signals and strategies provided are based on historical data and technical analysis and do not guarantee future performance. Trading in financial markets involves significant risk, and you may lose part or all of your investment. You are solely responsible for your trading decisions.