FOREX (FX)
Forex (FX) is the global market for trading currencies.
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Technical breakouts occur when the price of an asset moves above a resistance level or below a support level, indicating the potential for a strong price movement in that direction. In trading, breakouts are seen as a signal that a new trend may be starting. Traders use technical analysis to identify breakout patterns, such as triangles or channels, and place trades based on the expectation that the price will continue to move in the breakout direction. Proper risk management is crucial, as false breakouts can occur.