BREAK OUT TRADE SETUPS (MUST KNOW)
What are the best break out trade setups and how can you trade these break out setups?
Learn how to identify a valid BREAK OUT and trade it like a pro.
There are different trade setups that come with break out trading but on this session, we discuss the very best break out trade setups..
What do you look out for in a break out?
To have the best break out trade setups, look for trade setups with the following qualities
Has a LTF continuation pattern after a HTF false breakout
Has a high value candlestick pattern forming at the optimal entry price point of the trade setup
On a HTF look for a stop hunt formation and on LTF look for a price range
Shallow pullback on HTF after a significant break
Range exhaustion on HTF with a LTF consolidation pattern
Trendline break on both HTF and LTF
Best breakout trade setups should align with the HTF market structure
00:00:00 Introduction.
00:01:26 Broker Recommendation
00:01:36 LTF Continuation Pattern
00:03:15 Candlestick Patterns
00:06:11 HTF Stop Hunt
00:08:47 Shallow Pullback
00:11:13 Build Up Exhaustion
00:18:33 Trend line Break - axis
00:23:06 LTF Continuation Pattern
00:25:56 Market Structure
Forex trading is a business like any other, therefore approach it professionally.
Learn, learn, learn then EARN.
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