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The end of an era... 💔
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Educational Post 👨?💻
How to avoid false breakouts like a pro?
🌞A false breakdown is a situation when the price violates an obvious level, but then suddenly changes direction.
🌞When the initial breakout of the level occurs, many traders open a trade in the direction of the breakdown.… See more
Educational Post 👨?💻
How to avoid false breakouts like a pro?
🌞A false breakdown is a situation when the price violates an obvious level, but then suddenly changes direction.
🌞When the initial breakout of the level occurs, many traders open a trade in the direction of the breakdown.
🌞One of the ways to detect false breakouts is to monitor the volume, Real breakouts are usually accompanied by strong indications of trading volume at the time of the breakout.
🌞It is also useful to monitor not only the trading volume but also the price movement on the lower timeframe. In many cases, you will see that the price makes a very sharp pullback on the lower timeframe, which is not visible on the higher timeframe.
🌞The false breakout trap includes several candlesticks , usually 1-4, that go beyond the key support or resistance level . Such breakouts occur after a strong movement, as the market has reached an important level, but the price momentum still retains its strength. See less
Matthew
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2 
A lady narrates how she fumbled a nice and good man because she felt bored around him
You would think you’ve seen it all until you see a Manchester United-supporting pastor and an Arsenal-supporting pastor using Bible scriptures to banter each other right on the pulpit.
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