trading breakouts

 Traders need to know trading breakouts can be high risk, high stress, low reward, and low probability or this strategy can be low risk, low stress, high reward, and high probability. The difference lies in how you enter into this type of trade. The correct breakout entry works in any market and any time frame.  The key facts to making these work takes time and the ability to learn the proper technique.  When taking any buy or sell entries in markets, make sure you know exactly where price is with regard to the larger time frame supply  demand curve. Whether you trade Stocks, Futures, Forex, and Options, learning to trade breakouts properly will make the trader money.

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EUR/JPY

 

EUR/JPY 09-Dec-22:00 -> 04-Jan-22:00 Target Level: 127.2290

SL: (A) 126.0840 Last TP of Channel Up RL: (B) 127.2290 Last TP of Channel Up Target Period: 3 days   Interval 4 hour Pattern Channel Up Length 55 Candles Identified 04-Jan-14:00

Channel Up identified at 04-Jan-14:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 127.2290 within the next 3 days.

AUD/JPY

 

AUD/JPY 23-Dec-08:00 -> 04-Jan-11:00 Target Level: 79.7920

SL: (A) 79.1600 Last TP of Channel Up RL: (B) 79.7920 Last TP of Channel Up Target Period: 2 days   Interval 30 Minutes Pattern Channel Up Length 232 Candles Identified 04-Jan-08:30

Channel Up identified at 04-Jan-08:30. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 79.7920 within the next 2 days. Supported by Upward sloping Moving Average

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EUR/GBP

 

EUR/GBP 11-Dec-06:00 -> 04-Jan-14:00 Target Level: 0.9082

SL: (A) 0.8932 Last TP of Falling Wedge RL: (B) 0.9082 Last TP of Falling Wedge Target Period: 2 days   Interval 4 hour Pattern Falling Wedge Length 47 Candles Identified 04-Jan-10:00

Falling Wedge identified at 04-Jan-10:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.9082 within the next 2 days.

GBP/CAD forex chart

 

At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification

	Symbol : GBPCAD

Direction : Identified time : 2021-01-03 20:02 EST Breakout price : 1.74079 Forecast price : 1.7497 Forecast pips : 89 Probability : 65.48 %

Pattern : Ascending Triangle Interval : 240 Min Pattern : Resistance Interval : 240 Min

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