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In Forex, breakouts are all too common and knowing how to spot one will help you level-up your trading skills. A market often goes through a period of consolidation following an extensive move in one direction, and the way buyers and sellers behave next is what distinguishes between the two types of breakouts: continuation and reversal.

Be wary of false breakouts - a common phenomenon that occurs when a price moves past a level of support or resistance but does not develop into a full-blown trend. Instead, after a short spike, the price moves back into the established trading range.

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