A breakout is when the price moves above a resistance level or moves below a support level . Breakouts provide low risk & high reward. Great Risk/Reward ratio. Best entry after retest Breakouts can be subjective since not all traders will recognise or use the same support and resistance levels.
Because wedge patterns converge to a smaller price channel, the distance between the price on entry of the trade and the price for a stop loss, is relatively smaller than the start of the pattern. This means that a stop loss can be placed close by at the time the trade begins, and if the trade is successful, the outcome can yield a greater return than the amount...
HINDUNILVR A breakout is when the price moves above a resistance level or moves below a support level. Breakouts provide low risk & high reward. Great Risk/Reward ratio. Best entry after retest Breakouts can be subjective since not all traders will recognize or use the same support and resistance levels.