Breakout Trading Strategy for New Traders
📌 Short Info:
Simple and effective strategy for beginners to catch strong moves when price breaks key levels. Easy to apply with low risk.
🧭 How It Works:
1. Identify Key Level Find strong support or resistance.
2. Wait for Breakout Price should break the level with high volume.
3. Entry: After breakout candle close or retest.
4. Stop Loss: Below support / above resistance.
5. Take Profit: Use previous highs/lows or 1:2 risk reward
⚠️ Tip:Avoid
fakeouts by using volume and confirmation. Start with higher timeframes like 1H or 4H.
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