#BreakoutTradingStrategy
Avoid the Fakeout Trap
Breakouts can be deceptive. Price may breach a level then fall back—called a fakeout. Use stop-losses just outside key zones and wait for retests or candle closes above resistance to avoid bull traps.
Avoid the Fakeout Trap
Breakouts can be deceptive. Price may breach a level then fall back—called a fakeout. Use stop-losses just outside key zones and wait for retests or candle closes above resistance to avoid bull traps.