FOREX THEORY
Types of Breakouts
When trading breakouts in forex,
it is important to realize that there are two main types:
1.Continuation breakouts
2.Reversal breakouts
Knowing what type of breakout you
are seeing will help you make sense of what is actually happening in the big
picture of the market.
Breakouts are significant because
they indicate a change in the supply and demand of the currency pair you are
trading. This change in sentiment can cause extensive moves that provide
excellent opportunities for you to grab some pips.
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