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What is the best strategy for forex?
What is breakout trading?
Breakout trading is a strategy where traders identify key levels of support and resistance on the chart, and then wait for the price to breakout above or below these levels. Once a breakout occurs, traders will enter a long or short position in the direction of the breakout. The idea behind this strategy is that an upward or downward trend will continue if it breaks through key levels of support and resistance.