In this educational post, I cover up points that provide opportunity to trade breakouts in channels and also managing risk while trading it.
Steps To Follow:
Step 1: Confirm breakout with
Step 2: Wait for retracement back to trendline and formation of V shape
Step 3: Take action at pullback with additional indicators to manage risk
Step 4: Increase position sizing once it may go in your way.
I shall be sharing the examples of it below
Purpose: To educate retail traders like us in order to build confidence in their trading and make inform decisions and become consistent profitable trader in long run.
I WOULD APPRECIATE IF YOU COULD SHARE YOUR CHANNEL DRAWINGS IN COMMENT BELOW SO THAT I WOULD BE SURE THAT YOU FOLLOW WHAT IS BEEN POSTED AND WILL SET ME UP TO PROVIDE GREATER DETAILS IN NEXT ONE
Thanks for your support,