Price Action XAUUSD Breakout Pattern 1-2-3 XAUUSD Breakout Strategy

XAUUSD Price Action Breakout Pattern 1-2-3 XAUUSD Break-out Strategy

Price Action Breakout Pattern is the use of only price pattern to trade gold - without the use of indicators. When trading with this price action breakout pattern - candlesticks charts are used. This price action breakout strategy uses lines and pre determined price setups such as the 1-2-3 price action breakout pattern that either develops or series of candlesticks bars.

Traders use this price action breakout pattern strategy because this technical analysis is very objective and allows traders to analyze the market price moves based on what they see on the price charts alone.

This price action breakout pattern strategy is used by many traders: even those that use indicators also integrate some form of price action analysis in their strategy.

The best use of this price action breakout method is achieved when the signals generated are combined with line studies so as to provide extra signal confirmation. These line studies include trend lines, Fibonacci retracement levels, support and resistance levels.

Price Action XAUUSD Breakout Pattern 1-2-3 Gold Break-out Strategy

This price action gold break-out setup 1-2-3 method strategy uses three chart points to determine the price break out direction of the price. The price action gold break-out setup 1-2-3 method uses a peak and a trough, these chart points form point 1 and point 2, if price moves above the peak, the signal is - buy signal, if price moves below the trough, the signal is - sell signal. The price break out of point 1 or point 2 forms the third point of the price action gold break-out setup 1-2-3 method.

Price Action XAUUSD Breakout Pattern 1-2-3 XAUUSD Break-out Strategy - Price Action XAUUSD Breakout Screener - Trading Price Action XAUUSD Breakout Pattern 1-2-3 XAUUSD Break out Method

Series of breakouts in price action gold break-out setup 1-2-3 price action strategy

Series of Price Action Breakouts 1-2-3 Method Gold Trading - Price Action XAUUSD Breakout Pattern 1-2-3 XAUUSD Break-out Strategy - Price Action Trading Breakout Technical Analysis

Traders use price action breakout strategy to try and predict where a price direction might move next. The market is either trending or ranging.

A trending market moves in a specific direction while a ranging market moves sideways, normally after price hits a support or resistance level.

Analyzing the movement of price action provides information of whether the market is trending or ranging or reversing its trend direction.

As with any other strategy this price action breakout pattern strategy should also be combined with other confirmation indicators to avoid whipsaws. The price action gold break-out setup 1-2-3 price action pattern can give good signals in a trending market but will give whipsaws when the market is ranging and moving sideways, it is best to determine if the market is trending or not before you start using this price action breakout pattern trading strategy.

Combining Price Action XAUUSD Breakout Pattern 1-2-3 Price Action XAUUSD Strategy with other Indicators

Good indicators to combine price action method with are:

• RSI Indicator

• MA Indicator

Investors and indicators should use these two indicators to confirm if the direction of price action breakout is in line with the trend direction shown by these two technical indicators. If the direction of the Price Action Breakout Pattern is also the same as that of these indicators then traders can open a trade in the direction of the price action signal. If not traders should not open trades as there is a likely chance that this Price Action Breakout Pattern signal may be a whipsaw.

Just like any other indicator in gold trading, Price Action Breakout Pattern also has whipsaws and there a requirement to use this price action signal as a combination with signals from other indicators as opposed to just using this price action strategy alone.

Combining 1-2-3 Price Action Strategy with other Indicators - RSI and Moving Averages Indicators - Price Action Breakout Scanner - Price Action XAUUSD Breakout Screener