๐ False Breakout: How to Tell It from a Real One?
One of the most common mistakes beginners make is entering the market on a breakout, thinking the price is โflying.โ And just a few minutes later, it turns out it was a false breakout โ and the trade goes into loss.
๐ What is a false breakout?
โ ๏ธ How to distinguish a real breakout from a false one?
1๏ธโฃVolume โ in a real breakout, volumes should rise. If the move is weak, it might be a false breakout.
2๏ธโฃCandle close โ the candle must close above/below the level, not just โpoke throughโ with a wick.
3๏ธโฃRetest โ a reliable breakout is often followed by a return to the level (retest), after which price continues further.
4๏ธโฃMarket context โ a breakout within a strong trend is more reliable than in a flat market.
๐ฅ Conclusion: Donโt rush to open a trade at the first touch of the level. Give price time to confirm the breakout. In trading, itโs not the number of trades that matters โ but their quality.
๐ In my team, we break down such situations in practice so you donโt lose your deposit on rookie mistakes.
One of the most common mistakes beginners make is entering the market on a breakout, thinking the price is โflying.โ And just a few minutes later, it turns out it was a false breakout โ and the trade goes into loss.
๐ What is a false breakout?
Itโs when the price briefly moves beyond a support/resistance level, only to quickly return back. This way the market โtricksโ inexperienced traders and takes their stop losses.
โ ๏ธ How to distinguish a real breakout from a false one?
1๏ธโฃVolume โ in a real breakout, volumes should rise. If the move is weak, it might be a false breakout.
2๏ธโฃCandle close โ the candle must close above/below the level, not just โpoke throughโ with a wick.
3๏ธโฃRetest โ a reliable breakout is often followed by a return to the level (retest), after which price continues further.
4๏ธโฃMarket context โ a breakout within a strong trend is more reliable than in a flat market.
๐ฅ Conclusion: Donโt rush to open a trade at the first touch of the level. Give price time to confirm the breakout. In trading, itโs not the number of trades that matters โ but their quality.
๐ In my team, we break down such situations in practice so you donโt lose your deposit on rookie mistakes.
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Forwarded from IG GROUP FOREX TRADING SIGNALS (Real Abdullah๐ โขWill Never Text You Firstโข])
@TextAbdullah1 thank you so much! The recovery trades where it filled your zone completely and then rocketed were amazing!
Forwarded from IG GROUP FOREX TRADING SIGNALS (Real Abdullah๐ โขWill Never Text You Firstโข])
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๐๐ ๐ฌ๐ข๐จ ๐๐ฅ๐ ๐ก๐๐ช ๐๐๐ฅ๐, ๐ฆ๐๐ก๐ ๐๐ก ๐ฌ๐ข๐จ๐ฅ ๐ฅ๐๐ค๐จ๐๐ฆ๐ง ๐ก๐ข๐ช.
(1) ๐๐ฒ๐น๐น๐ผ
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(4) ๐๐ผ๐ ๐ฑ๐ผ๐ฒ๐ ๐ถ๐ ๐๐ผ๐ฟ๐ธ
(5) ๐๐ผ๐ ๐ฐ๐ฎ๐ป ๐ถ ๐ถ๐ป๐๐ฒ๐๐
(6) How does the account management works
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(9) ๐ง๐ฒ๐น๐น ๐บ๐ฒ ๐บ๐ผ๐ฟ๐ฒ ๐ฎ๐ฏ๐ผ๐๐ ๐๐ต๐ถ๐ ๐ฝ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ
๐ฆ๐ฒ๐ป๐ฑ ๐บ๐ฒ ๐ฎ ๐บ๐ฒ๐๐๐ฎ๐ด๐ฒ
๐๐ถ๐๐ต ๐๐ต๐ถ๐ ๐น๐ถ๐ป๐ธ ๐ฏ๐ฒ๐น๐ผ๐
๐ฅ๐ฅโ๏ธ
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(1) ๐๐ฒ๐น๐น๐ผ
(2) ๐๐บ ๐ป๐ฒ๐ ๐ต๐ฒ๐ฟ๐ฒ
(3) How can i join Vip
(4) ๐๐ผ๐ ๐ฑ๐ผ๐ฒ๐ ๐ถ๐ ๐๐ผ๐ฟ๐ธ
(5) ๐๐ผ๐ ๐ฐ๐ฎ๐ป ๐ถ ๐ถ๐ป๐๐ฒ๐๐
(6) How does the account management works
(7) ๐๐ผ๐ ๐ฐ๐ฎ๐ป ๐ถ ๐ฟ๐ฒ๐ด๐ถ๐๐๐ฒ๐ฟ
(8) ๐๐ผ๐ ๐ฐ๐ฎ๐ป ๐ ๐ฝ๐ฎ๐ฟ๐๐ถ๐ฐ๐ถ๐ฝ๐ฎ๐๐ฒ
(9) ๐ง๐ฒ๐น๐น ๐บ๐ฒ ๐บ๐ผ๐ฟ๐ฒ ๐ฎ๐ฏ๐ผ๐๐ ๐๐ต๐ถ๐ ๐ฝ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ
๐ฆ๐ฒ๐ป๐ฑ ๐บ๐ฒ ๐ฎ ๐บ๐ฒ๐๐๐ฎ๐ด๐ฒ
๐๐ถ๐๐ต ๐๐ต๐ถ๐ ๐น๐ถ๐ป๐ธ ๐ฏ๐ฒ๐น๐ผ๐
๐ฅ๐ฅโ๏ธ
https://t.me/Best_traderTG
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This is once in a 1 year chance to join our VIP with lowest cost / easier requirement!
๐ฐ Subcription One Year Access:
Before $450 โโ NOW ONLY $200 โ๏ธ
Can use any broker you want!
https://t.me/Best_traderTG
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