Never trade a false breakout again! (MUST WATCH!!)

False breakouts, or "fakeouts," as they've come to be known, are when traders enter a trade after a period of consolidation, expecting a continued break out of support or resistance.

In this video, Alison describes different breakout trading patterns to look out for and also describes what confirmation signals you need to look out for to avoid a false breakout.

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TIMESTAMPS

0:00 Intro
0:44 What is a breakout?
1:23 Breakout patterns
1:44 How consolidation leads to breakouts
2:03 What is a false breakout?
2:26 What a false breakout looks like
3:12 Momentum candles
3:35 False breakout signals
4:24 Confirming a true breakout
5:12 Where to place your stop-loss
5:33 Where to place your profit target
5:55 Scaling out of the trade
6:09 Thanks for watching!

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DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and whether you can afford the high risk of losing money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

[Ed_amah]

Please can I be your private student? 😢❤
I'm trying to grow a small account 🙏🏾

[durgeshray]

Thanks for knowledge sharing. And yes, you are beautiful