Daily Break Out Line MQ4 Trading Indicator

Forex BreakOut Susyem – “Daily Break Out Line MQ4 Trading Indicator and Template“. A breakout is a market price moving outside a defined support or resistance level with increased volume.

A breakout trader enters a long position after the market price breaks above resistance or enters a short position after the market breaks below support.

• Time Frame: H4 and D1
• Currency Market: Any

• BreakOut Indicator

• BreakOut Indicator: Price breaks above the resistance line

• BreakOut Indicator: Price breaks below the support line

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