WHAT IS BREAKOUT STRATEGY OF FOREX? Identify key levels of support and resistance on the chart. Look for a consolidation pattern where price is trading within a range. Place entry orders above the resistance level or below the support level. Set stop-loss orders to limit potential losses in case the breakout fails. Take profit by setting a target level based on the size of the breakout, or use a trailing stop to ride the trend as long as possible. To Join PAFX ALGO for FREE @PAFX_Adminbot 250 views21:00
