#BreakoutTradingStrategy

Breakout trading involves entering trades when the price breaks through key support or resistance levels. These breakouts can result in large profitable moves as the price explodes in the direction of the breakout. While breakout trades offer high reward potential, they also carry risks as fakeouts are possible. The document provides examples and strategies for identifying high probability breakout setups, including looking for multiple tests of a level before it breaks, and trading retests of recently broken levels