Trend Line Breakout – High R:R

Time Frame        : Any
Currency              : Any
Author                  : Universal

Market Session : Any

Indicators
1. None – Price Action

Set Up
1. Draw a Trend Line connecting 2 or more Highs or Lows (Figure)

Entry Rules

1. Wait for a Candle to close breaking the trendline.
2. Wait for a confirmation – Price retrace and touch the trendline, the go to the breakout direction again (Figure)
3. After Confirmation candle close, Enter Trade

Stop Loss

Few Pips above the Confirmation Candle High

Take Profit

Take profit at each Support/Resistance Level where price previously touched the trendline

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