EURJPY 4H AROON BREAKOUT TRADING STRATEGY
#1 Aroon Breakout Trading Strategy
How to spot consolidation and trade breakouts with Aroon?
When Aroon Up and Aroon Down lines are parallel to each other it’s a signal that
the price is consolidating. The Aroon interpretation is that no new highs or lows are made during the default period.
You have two options to trade consolidations.
Wait for the breakout to happen and take the trade in the direction of the breakout.
Or, wait for the Aroon crossover followed by a centerline cross to add more confluence for the direction of the trade.
More often these Aroon signals will happen before the actual breakout.
So, you basically anticipate the breakout.
This is like front running all market participants.
You get to enter a trade before anyone else.
How to spot consolidation and trade breakouts with Aroon?
When Aroon Up and Aroon Down lines are parallel to each other it’s a signal that
the price is consolidating. The Aroon interpretation is that no new highs or lows are made during the default period.
You have two options to trade consolidations.
Wait for the breakout to happen and take the trade in the direction of the breakout.
Or, wait for the Aroon crossover followed by a centerline cross to add more confluence for the direction of the trade.
More often these Aroon signals will happen before the actual breakout.
So, you basically anticipate the breakout.
This is like front running all market participants.
You get to enter a trade before anyone else.
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