IronFX is hosting a webinar titled "High Probability Breakout Strategy" geared towards intermediate traders. The session, led by Prop Trader Melanie, will delve into the intricacies of breakout trading on Wednesday, August 21st, 2024, at 9:00 AM.
Key topics covered will include:
- Breakout Trading Fundamentals: Participants will learn how to identify and capitalize on breakout opportunities in the market.
- Momentum Identification: The webinar will explore strategies for recognizing both long-term and short-term momentum in a trade.
- Support and Resistance Levels: Finding reliable support (for bullish breakouts) and resistance (for bearish breakouts) will be a key focus.
- Correlation and False Breakouts: Learn how to utilize correlation to filter out misleading breakouts and improve trade accuracy.
- Multi-Step Stop Loss: The session will discuss a multi-step stop loss approach utilizing Fibonacci levels and Parabolic Stop and Reversal (PSAR) for effective risk management.
- Entry and Take Profit Strategies: Participants will gain valuable insights into selecting optimal entry and take profit points to maximize potential gains.
Presenter Bio:
Melanie, a Prop Trader at IronFX, will lead the webinar. Her expertise lies in identifying high probability trade setups through technical analysis.
