Breakout Strategy
According to this strategy you open a deal when the price breaks out the current level and continues its movement in the same direction. A deal should be opened after a candlestick body breaks out the level of support or resistance and a new candlestick moves in the same direction. A procedure after a signal appearance: 1) The price chart has reached a support or resistance level; 2) Wait for appearance of the candlestick breaking out the level with its body and closing there; 3) Wait for appearance of a…
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