Can I read Fake Breakout Trading Strategy Guide on EtoBox?

Fake Breakout Trading Strategy Guide by Valmir Oliveira is a document available to read on EtoBox.

What is Fake Breakout Trading Strategy Guide about?

This strategy looks for "false breakouts" of strong support and resistance levels where the price breaks through the level but fails to close above or below it. It then places an entry order a few pips in the opposite direction of the false breakout. The trade is exited in stages, taking partial profits after the first candle and moving the stop loss to break even, and then exiting the rest of the position after the second candle. Multiple pinbars can also provide an opportunity for this strategy.

Author

Valmir Oliveira

Language

EN