#BreakoutTradingStrategy

Hashtag #BreakoutTradingStrategy means "Breakout Trading Strategy".

Brief Explanation:

🔹 Meaning: Entering a trade when the price breaks a strong support or resistance level (Breakout), expecting the price to continue in the same direction.

How It Works:

1. ✅ Monitor support/resistance levels (e.g., a peak or trough that repeats several times).

2. 🔍 Wait for the breakout — meaning the price strongly breaks this barrier.

3. 💼 Enter the trade after confirmation (e.g., closing a candle above resistance).

4. 🛑 Use a stop loss just below the breakout level.

5. 🎯 Set your profit target based on the distance between the previous support and resistance.

Quick Example:

If the price of a currency fluctuates between $0.90 and $1.00, then breaks the $1.00 barrier and moves upward → this is a bullish breakout, and you can enter a buy.

📉 The opposite is true if it breaks support downward → enter a sell (bearish breakout).

Would you like me to explain the difference between Breakout and Fakeout (false breakout)?