#BreakoutTradingStrategy

Price breaks above resistance (for long) or below support (for short)

Ideally confirmed by:

Volume spike

Candle close above/below the level

Retest of the broken level (optional but powerful)

3. Entry Strategy

Aggressive entry: Enter immediately on breakout candle

Conservative entry: Wait for retest and confirmation (e.g., bullish engulfing)

4. Stop Loss Placement

Below/above the breakout candle or structure (5–10% buffer)

Avoid placing SL directly on the breakout level — fakeouts are common

5. Target/Exit Strategy

Fixed Risk-Reward: 1:2 or 1:3

Measure range size of pattern and project it from breakout