Trading daily/weekly breakouts

Breakouts aren't easy to trade, and most traders don't trade them, however, most traders also don't make money in Forex.

How to trade big breakouts?

Get a weekly chart and find important resistance/support levels. They are easy to spot - these are tops and bottoms that price reversed at.

Then go to your daily chart and waaaaaaait paaaatiently for the breakout to occur as well as watch for confirmation from other indicators like Bollinger band, which will show volatility situation on the market and Stochastic, which is the best confirmation indicator for breakout trading!

Get in as soon as the price breaks the level of support/resistance. Don't wait ofr a pull back because it may never happen!

The fact is that most major currency moves (especially up-moves)go up without any significant pullbacks!

Good luck!