– BREAKOUT TRADING –
A “breakout” is a price that moves outside a defined support or resistance level with increased volume.
In this example, the price breaks above a resistance level with a big bullish candle.
For a higher probability of success, I waited for a confirmation that the price will continue to go UP. The rejection confirms it, showing a great volume of buyers in the market, which meant that the trend will continue its upward movement!
The reason breakouts are such an important trading method is because, in many circumstances, they are the starting point for major price trends.
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Risk warning: I advise that you should not risk more capital than you are prepared to lose! This content should not be considered an investment advise. Before trading, you should understand the risks involved and take into account your level of experience.
Due to the high volatility of the Market, prices traded can vary considerably over the course of a day, which may bring you profit as well as loss. Volatile price movements should be carefully considered as there are higher risks of loss. Prices may fluctuate due to changes in market conditions which are beyond your control, resulting in losses. The volatility of the market can be affected by but is not limited to, changes in the supply & demand, national & international policy, geopolitical instability and economic/political events or announcements.
There are no guarantees of any specific level of performance or that your investment decisions/strategies will yield profit or financial gain.
NOTE: THIS VIDEO IS NOT INVESTMENT ADVICE.