Price Action Tracker continuously analyses markets and timeframes, looking
for False Breakout (fakey) patterns with the highest probability of success, once identified, those highly profitable signals are displayed in its premium section with clear analysis, management points and steps to follow.
However, watch out
for the false breakout.
Not exact matches
The recent «
false breakout» absorbed overhead supply, which should make it easier
for $ MX to surge higher after it breaks out above the high of its recent range.
Furthermore,
false breakout entries enable short - term swing traders to have a clearly defined stop price below the low of the pullback, which creates a very positive reward - risk ratio
for the setup.
If it ultimately fails to hold it means a
breakout and a possible new charge to ever further new highs or lows as the case may be (
for the record, it could also mean that a
false breakout followed by a whipsaw is about to occur.
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So, if
for example, an inside bar setup
false - breaks to the upside, forming a «bearish» fakey pattern, the implication is that price may continue moving lower, opposite to the direction of the initial
breakout.
Aiming
for breakouts with attendant
false breaks may provide higher R: R but also lower win rates.
There can be long strings of inside bars on a 4 hour or 1 hour chart before a
breakout for example, and trying to trade them will most likely cause you a lot of frustration due to all the
false breaks that can occur on those chart time frames.
Price Action Tracker detected a bullish
false -
breakout pattern and suggested to wait
for a break of 0.7741 to confirm bullish sentiment.
Entry setups rarely trigger (around 50 % of the time) but when they do they can generate huge profits (always aim
for a High Reward: Risk ratio),
False Breakout patterns are very powerful, download Price Action Tracker Now and Try our False - breakout
Breakout patterns are very powerful, download Price Action Tracker Now and Try our
False -
breakout breakout signals.
Price Action Tracker detected a bearish
false -
breakout pattern and suggested to wait
for a break of 1.3506 to confirm bearish sentiment.