Community Forex Questions
Different trendline breakout setups
Immediate Breakout Setup (Buy)
This is a very simple and straightforward configuration. When the downward trendline is broken, the upward movement begins immediately.
Immediate Breakout Setup (Sell)
This is a simple trendline breakout scenario. When the upward trendline is crossed in this setup, the downward movement is very quick. The market simply deviates from the crossed trendline.
Pullback Setup (Buy)
This is a pullback setup after the downward trendline has been crossed. Price rises briefly, then falls back down to find support on the recently intersected trendline before gradually rising again.
Pullback Setup (Sell)
This setup is a little tricky. In this scenario, when the upward trendline is broken, the price falls, stops, and then rises back up to test the recently broken trendline before falling again. This is known as a pullback or retracement setup after a trendline break.

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