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Forex Breakout Strategy: Simple Trade, Simple Profits
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Forex Breakout Strategy: Simple Trade, Simple Profits

Forex Pair: Usd Chf
In Forex trading, there are various forex trading strategies. I would like to show you a forex breakout strategy as shown in the chart above. It is simple yet highly powerful.

In the chart above, we see a series of bearish bars (red bars) -> marked by the yellow arrow pointing down at the top of the picture.
This series of price action bearish bars represent the selling momentum in the market. And the selling is gaining momentum with the increasing number of bearish bars.
Therefore, we will be watching the chart for a chance to trade it down, considering that the trend MAY have changed from an uptrend to a downtrend.

Forex Breakout Strategy: Simple Trade, Simple Profits

Soon after, it formed a big long price action bearish outside bar as marked by the yellow circle.
(This confirms the downtrend as it has broken the previous lows of the previous uptrend)
With the big long price action bearish outside bar, and the previous series of bearish bars.- It confirms the selling momentum in the market is very strong.
Immediately after the bearish outside bar, it forms 2 smaller inside bars after which.

Forex Breakout Strategy: Simple Trade, Simple Profits

What I see here is a setup for a forex breakout strategy trade. – Since the selling momentum is so strong, and with a price action bearish outside bar. We can place a pending sell order below the bar.
Therefore, I will place a pending sell order as marked by the yellow dotted line. And my stop loss is above the previous bars opening and closing. (marked by the orange line SL)
Our First take profit target will be the previous low (marked by the orange line TP1)And our final take profit target will be at the next low (marked by the orange line TP2), which also coincides with our 150 ema.

Forex Breakout Strategy: Simple Trade, Simple Profits

Forex Breakout StrategyPls read through the explanation while looking a the charts for at least 2 times to fully understand what I meant.
I hope you’ve learnt how I would have entered on the above situation (forex breakout strategy) and how you can add this method to your future trading methods.
Do sign up above for our newsletter if you have not done so already as I will update you via email constantly with new forex trading strategies.

Check out our online forex trading AFM winning Forex Price Action Forex Trading Course where I teach you the exact FULL Forex Day Trading Systems & Strategies that i personally use to be consistently profitable.

See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.asiaforexmentor.com
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About Ezekiel Chew

Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.

Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.

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About Ezekiel Chew
About Ezekiel Chew

Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.

Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.

GET THE PROPRIETARY ONE CORE PROGRAM
(The same system I use to make 6 figures a trade with)

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