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Hi Trader,

This is because momentum breakouts have the potential to produce the highest yields in a single trade. Often, momentum entries occur in a spot where there is little to no resistance at all after the breakout. This allows price to push further in the direction of the breakout. The only thing that would stop it is if the momentum price move losses steam.

These zones are plotted based on the body of a candle that the indictor has identified to be a zone where price could potentially bounce from. It is either that price would bounce off it if price retests the area. The second scenario would be that price was not able to break out of the zone initially. The second scenario would be that price would revisit the zone and enter it. If price gains momentum and breaks out of the zone, then it could mean that price would move strongly in one direction because it has a clear momentum direction.

Trading this strategy requires that the trader understands price action and could anticipate the shifts in momentum based on how the candles behave. Traders who could grasp this could easily make money from the market using this type of strategy.

Download This Strategy:
=>> https://forexmt4indicators.com/123-momentum-breakout-forex-trading-strategy/

All the best,
Tim Morris

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