Fake buying Trap Strategy
False-breakouts are exactly what they sound like: a breakout that failed to continue beyond a level, resulting in a ‘false’ breakout of that level. False breakout patterns are one of the most important price action trading patterns to learn, because a false-break is often a very strong clue that price might be changing direction or that a trend might be resuming soon. A false-break of a level can be thought of as a ‘deception’ by the market, because it looks like price will breakout but then it quickly reverses, deceiving all those who took the ‘bait’ of the breakout. It’s often the case that new traders will enter what looks like an ‘obvious’ breakout and then the professional’s will push the market back the other way
PGDM in finance, having 5+ experience in Equity, commodities , forex analysis and trading.
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