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RE: How to trade the markets #1 | Support and Resistance
Very useful information. But how do you protect yourself against false breaouts ?
Very useful information. But how do you protect yourself against false breaouts ?
Thanks!
To avoid false breakouts, don't enter at the breakout, but wait for a pullback and then signs of continuation. So I would wait for a pullback and either enter after a bullish candle (for uptrend) or wait for the breakout high to be broken.