Trading breakouts can be both very profitable and discouraging as many breakouts tend to fade. The main reason for this in the foreign exchange market is that this market depends on technical factors to a greater extent than many other markets. To filter out potentially false breakouts, you should use a technique that identifies breakouts that have a higher probability of success.


This strategy is based on rules that are specifically designed to take advantage of strong trending markets: such markets make new highs, then cut off the rally and reach the low of recent days, and then reverse and rally to even higher highs, for more visit Typically, this initial position provides a very high success rate, as it allows traders to enter a strong trending market after weak players leave, so that players with real money reappear and begin to push the pair to new highs.