RE: How to trade the markets #1 | Support and Resistance

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How to trade the markets #1 | Support and Resistance

in money •  7 years ago 

Very useful information. But how do you protect yourself against false breaouts ?

money
7 years ago by

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      ·  7 years ago (edited)

    Thanks!
    To avoid false breakouts, don't enter at the breakout, but wait for a pullback and then signs of continuation. So I would wait for a pullback and either enter after a bullish candle (for uptrend) or wait for the breakout high to be broken.

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