<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=174932623114557&amp;ev=PageView&amp;noscript=1">

This is How You Profit on a Break Below Major Support

Posted by TopstepTrader on August 27, 2018

Euro Futures Break Down

Breakouts above major resistance or breakdowns below major support are a trader's dream. They occur rarely, but offer opportunities for trades over multiple days. Such was the case when Euro futures ($6E) broke down in mid-August. 

For multiple months, the Euro put in a strong level of support around 1.16, bouncing between there and lower highs beginning in May. As the chart shows, this put in a technical formation of a descending triangle, which is a bearish technical pattern. That bearish pattern played out here in the Euro when prices ultimately broke below support.

Coach Dan breaks down this trade and exactly how traders can identify these moves and profit. 


Do you have what it takes to earn our capital? Get started in a Trading Combine® today.

Start Trading




You don't have to risk thousands of your own capital to profit trading futures. Become one of more than 600 futures traders to trade our capital this year. 

Start Trading

< Back to Blog

Topics: Performance Coaching, Trading Basics, Futures, Euro, Trading Setups, The Trade

Popular

Posts by Topic

see all