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Forex Gap Trading Strategy

 

Support Level Breakout Forex Trading Strategy

I should have written about this support level forex breakout forex trading strategy in the very beginning and I thought I did but when I checked, I could not find in of forextradingstrategies4u so here it is ladies and gentlemen! The support level breakout forex trading system is a price action trading system, it is one of the simplest, easiest trading setups to spot and trade…even a 6 year old can trade forex using this system. This support level breakout forex trading strategy is different from the horizontal support and resistance trading strategy where you trade the bounce of the price on the support and resistance levels. But first up, let me give you bit of context about how to trade support level breakouts. What Is The Support Level Breakout? A support level breakout is when you see price break a support level and and continues to head down, in a downtrend. So when a support level is broken, it means the market is in a downtrend. Referring to the GBPJPY 4HR chart below: the blue boxes represent support levels and the white arrow indicates the candlestick that broke the support level and CLOSED below it. As you can see […]


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