Weekly European Forex Breakouts.
Based on previous weekly data and early Monday European opening of the four major Currency Pairs running the world economy.
Orders must be done before Monday European Opening.
Take out orders on Friday.
Depending on capital, take 50% profit protection.
Use max. 1% risk per position.

There are a number of simple breakout strategies used by many traders.

There are a lot of different strategies around, from simple to complicated and combined with proper money management.

The breakout trader is not concerned with any long term forecast or analysis, only the immediate price action.

A crowd usually has the psychology that if the previous day's high is crossed up, the general price move is up as well and they are more likely to buy than sell. The opposite is true when the previous day's low is crossed down.

Remember, Forex trading means risk, prices can go against your position.