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