$GS Base and Breakout Setup (long)

The key to trade this kind of setup is the Buy Stop on a breakout. Without breakout or breakout on the wrong side
--> THE ENTRY IS NOT CONFIRMED.

You can choose to buy breakout pullback though, i.e. after the breakout, wait for the pullback to test the breakout point then buy. This is much safer method but sometimes there’s simply no pullback after the breakout. A compromise might be half to buy breakout and half to buy pullback.

Order cancelled:

Setup wasnt triggered. So no trade at all