NeeteshJain

Educational 04: How To Trade Channel Breakouts?

FX_IDC:EURINR   EURO / INDIAN RUPEE
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This is the fourth education series on Channel (link of Educational 01 , Educational 02, Educational 03 given below),

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 volume
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,

Best Regards,
Neetesh