BREAKOUT AND BREAKDOWN (PART-10)

 In this post I am going to tell you about breakout and breakdown.

WHAT IS BREAKOUT AND BREAKDOWN?

• Breakout- When candle breaks the resistance. Most of the breakouts are false but if the high volume is their then the breakout is true. If the volume get increased then take the entry.

• Stoploss- When the candlesticks breakout the resistance and move towards the next resistance then that resistance which had already broken out becomes the support and we have to talk that support as stoploss. 

★ You have to keep in mind to make the profit or trade always by keeping 1:2 in your mind and you can also trail your stoploss.

• Breakdown- When candlesticks breakdown it's support and move towards it's next support. Volume is also matters here.

If you have not visited our last post on Price Action then click on this link or copy it and paste it on chrome

Link- https://commerceworldteam.blogspot.com/2024/04/price-action-part-9.html

Thanks for visiting and please comment below if you liked it and also comment below if you face any kind of difficulties. I will try to resolve it.

Thank You