If u want to trade breakout then you have to focus on price action
Near resistance level
# The price unable to break a resistance level for long time
First time the price break the resistance but it is a feke breakout
Second time price break and show a massive move
How to avoid fake breakout
# have patience the price do 3 things if it is real breakout
1) after breakout price will retest the resistance level
2) or price took pullback this best time to enter
3) price will consolidate and stay above the key level for some time
A FALSE BREAKOUT REVERSE BACK IMMEDIATELY WITH BIG PRICE REJECTION AND MOVE SHARPLY DOWN
REMEMBER - HAVE PATIENCE OR LOSE MONEY
Near resistance level
# The price unable to break a resistance level for long time
First time the price break the resistance but it is a feke breakout
Second time price break and show a massive move
How to avoid fake breakout
# have patience the price do 3 things if it is real breakout
1) after breakout price will retest the resistance level
2) or price took pullback this best time to enter
3) price will consolidate and stay above the key level for some time
A FALSE BREAKOUT REVERSE BACK IMMEDIATELY WITH BIG PRICE REJECTION AND MOVE SHARPLY DOWN
REMEMBER - HAVE PATIENCE OR LOSE MONEY
