A breakout in a currency pair happens when the price "breaks out" of a trading range or when a price level is breached, for example, another multi-week high. In terms of breakout trading, the point is to enter a trading signal right when the price makes a breakout and follow the price break sequential, if obviously, the breakout finishes and if it doesn't - it referred to as a "fake out". Breakout trading is well known because the standards it depends on work and is straightforward in any event, for new traders.
