Forex Breakout Strategy Patterns

There are few simple breakout patterns which can help you to follow price. No matter what Forex trading strategy you use you need to understand and know those breakout patterns. Why? Because they are make you more money and your Forex strategy become profitable.

Three main Forex breakout strategy patterns:

1) Triangle breakout pattern
2) Flag breakout pattern
3) Trend Channel breakout pattern

1) Triangle breakout pattern

As you can see on image below it’s easy to detect triangle breakout pattern. After price break one of the triangle sides there are a lot of chance that price will continue in that direction.

2) Flag breakout pattern

Flag breakout pattern contain support and resistance, when price break one of them trend should be formed in that direction, easy. Support is break, trend is super-strong.

3) Trend Channel breakout pattern

Good old channels, they are accurate, easy and simple. After price break support or resistance price is going to follow that direction in many cases.

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