A breakout is a move beyond a level or area that price had previously been unable to leave, such as the edge of a range. Breakouts frequently fail, so the term describes an event rather than a confirmed change of direction. Traders who act on breakouts usually accept a higher false-signal rate in exchange for catching genuine moves early.
Forex glossary
Breakout
Related term
Range Market
A range, or sideways market, is a period in which price oscillates between an upper and a lower boundary without making a sustained move in either direction. Ra…
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