Turbo Breakout Setup: High-Probability Trades with Precision.NSE:CNXFINANCE
Hello Traders,
In this video, I have explained a Breakout trading setup that will generate only high-probability breakout trades, that have high success rate than another breakout.
The setup is based on a pure price action structure and does not require any indicators just we are using volume as a confirmation tool.
Why does this setup work?
The logic is very simple
let's talk about the 1st variation of this setup:- Fake Breakout
as you can see in this setup most of the time the structure completes after a fake breakout.
So that fake breakout means the short sellers in the correction phase trying to defend there stop loss and make prices go down but what do you think for how long they will be able to defend that zone when buyers' strength is increasing? so after that when buyers push the price a little above-failed breakout zone the price hits short sellers stop losses and include new buying at that level to push prices toward the sky.
What about scenario 2nd:- NO failed breakout but horizontal range inside trend resistance line.
When the trend Resistance line and horizontal line break at the same price point it invites many traders to put a limit order above that horizontal line and most of the short sellers also have put their stop loss when that zone hit the price again and start moving towards the sky.
Other factors and detailed setup have been explained in the video.
Any setup is useless without a pre-defined stop loss cause you need to focus on capital protection first then you can aim for profits.
Always take calculated risks and use proper position sizing.
This is only for educational purposes only.
Always trade with stop-loss.
I hope you found this idea helpful.
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Keep Learning,
Happy Trading!
