FOR BREAKOUTAND PULLBACK:-
👉#1: Where can I place my stop loss during breakout trade?
There a few ways to do it:
You can set your stop loss below the lows of the buildup (if you’re trading a breakout with a buildup).You can also set your stop loss 3 to 5 ATR away from your entry price.
👉#2: How can I trail my stop loss for a breakout trade?
You can use the Chandelier Stops to trail your stop loss, a moving average, or even market structures, etc.
👉#3: Is there a way to anticipate that a breakout is more likely to occur?
If the higher timeframe is in an uptrend and the price is now consolidating or forming higher lows at resistance, then the market is likely to breakout higher (which is in line with the higher timeframe trend).
