How to Trade Breakouts Using Trend Lines,
Channels and Triangles #1
Just like breakouts on
your face, the nice thing about breakout trading in forex is that opportunities
are pretty easy to spot with the naked eye! Unlike the former, you don’t even
have to look in the mirror!
Once you start getting
used to the signs of breakouts, you’ll be able to spot good potential trades
fairly quickly.
Chart Patterns
By now you should be
accustomed to looking at charts and recognizing familiar patterns that indicate
a reversal breakout. Here are just a few:
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Double Top/Bottom
§
Head and Shoulders
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Triple Top/Bottom
§
Bullish flag
§
Descending triangle
§
Inverse head & shopulder
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