Look for breakouts, powerful signals that often mark the beginning of significant market shifts and can help you figure out an entry point.
๐Bullish breakout: Price moves above resistance.
๐งธBearish breakout: Price falls below support.
How to confirm a breakout:
1๏ธโฃ Use Moving Averages to reveal price trends and RSI to see if the market is overbought or oversold.
2๏ธโฃ Watch for the price to revisit the broken level. If it does, itโs a strong indicator of a breakout.
Expert tips:
๐Stick to major market sessions for higher liquidity and smoother trade execution.
โ๏ธUse Stop Loss to protect your trades if the breakout doesnโt hold.
๐Save this for your next Trading session!