2 Ways to Trade Breakouts - Horizontal vs. Slanted Structure

EURUSD has put in a bullish pennant pattern. Normally with this pattern we would expect a breakout to the upside, but because we are sandwiched between two levels of previous structure, we just don't know.

Because that is the case, the best plan of action in my opinion is to wait for confirmation of the breakout & then look to get involved after the fact.

In this video we talk about 2 types of confirmation. 1) Horizontal levels of structure and 2) slanted levels of structure.

Which you use isn't as important as the consistency in which you use them.

Please leave any questions or comments below!

Akil