Good day Piphunter, hope you are well. I like how you trade breakouts. I am new in the world of forex trading, can you please explain how one places a trade for breakouts i.e after it close above or below the trend line do you buy/sell?
it will fully depend on your risk appetite, either you can enter in advance with a proper exit strategy, look for confirmation in lower time frames and so on. Also the lines we draw are just for visual guidance only, what you should be looking at is the price action and patterns.