Ultimately, we got our 3.2x profit and, probably even more importantly, by closing another winning trade, we got yet another confirmation that these kinds of setups are very high probability setups.
During the trade, a new resistance appeared between the entry price and our target.
However, managed correctly, the resistance turned out to favor our breakout trading strategy and allowed us to close another winning trade with a nice profit.
Many times, when beginners traders learn how to trade breakouts, they build very complex setups that end up with many losing trades.
What we like to do, instead, is to use an easy but profitable forex breakout strategy that allows us to make a clear and simple chart analysis and to get consistent profits over time.
Of course, we like trading breakouts!
Do you like breakout trading as well? And in such a case, what’s your experience with breakouts?
Come share it by leaving a comment on the YouTube video above!