Pivopen

Intraday Breakout Strategies for Beginners

Basic rules to follow for this strategy:

  • Trade in 5 min chart: This is very suitable for intraday.
  • 1st candle should close above previous day high – 9.20 am candle: Market opens at 9.15 am, you have to look at this point. mark the previous day high level to read this better.
  • Entry only above first candle high. Stop loss, little below than the 1st candle low
  • Target 1:1 risk reward

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