#BreakoutTradingStrategy The breakout is not for everyone. You need nerves of steel or a well-placed stop.
It's simple to explain but difficult to execute: you wait for the price to break a strong resistance, you enter quickly with accompanying volume, and you exit as soon as the momentum fades. The problem is that it doesn't always break out with conviction, and false breakouts are common.
In my case, I use it with currencies that I have been following for some time. If I see that the market is supportive, I get in. If not, I pass.