Trading Breakouts can be treacherous if you don’t know what to look for.
At Master Trader, we have several criteria to define quality setups based on the structure of the price pattern.
In short, we trade Breakouts which (a) have bullish price action at major resistance prior to breaking out; or (b) buy a pullback and reversal at minor support after the breakout.
With all Breakouts and other Setups, we need a Price Void (insignificant resistance to the left for longs).
We’re going to show you a compelling Breakout which had bullish price action on Multiple Time frames (MTF), which increases the bullish bias of the setup.
When multiple time frames are aligned like with RH, the odds increase dramatically (and RH is a core long watch for us based on the analysis explained in the video).
Once in a trade, we are in trade management mode.
We simply sold into strength since it got climactic and booked a nice 16% gain in 2 days!
Management updates are sent intra-day by text message to subscribers.
Nice trade!
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