Key Talking Points:
- False Breaks Offer Great Price Action Trading Setups
- You Can Trade the False Break Strategy with Pin Bars and Engulfing Bars
- Look for False Break Setups Trading With the Trend
Ever tried to enter on a breakout setup, only to have the trade immediately reverse on you? I’m guessing this has happened to you many times (present trader included).
With the market volatility declining over the last several years, false breaks can and will happen all the time. The key to avoid getting stopped out, and actually profit from these false break setups, is to understand the price action context which often precedes them.
In this two part article series, I will begin today’s discussion …... Keep reading