#BreakoutTradingStrategy

One of my favorite strategies is Breakout Trading – which means buying when the price breaks above a strong resistance zone. However, to avoid 'chasing the top', I usually wait for confirmation with increased volume and a retest before entering a trade.

Breakouts are very suitable during prolonged sideways market periods, as when a breakout occurs, it is often accompanied by strong upward momentum. However, one should also be cautious of false breakouts.