How to trade trend line breakout with 10 pips target

This post will show you where is the exact trade opening position using trend line breakout strategy. Trendline break out is a simple and profitable technique if we draw the correct trend line. I use MACD Histogram to confirm my trendline breakout. When price break the trendline, I check if MACD Histogram flip over. This confirm my entry point. See how it works below.

Please note that this strategy only look for 13 pips (minus 3 spread)

Draw a trendline connecting highs on a down trend. The idea is we want to catch the retracement or even a reversal. When candle break the trendline, check if MACD give same signal by flipping the bar up (on a Long position). If not, wait until it flip. In some cases we need to wait few more candles and move the trendline accordingly.

Below is a fake breakout where we need to adjust the trendline.

See the chart above. There is a breakout but the MACD stays below the waterline/zero line. We do not enter the trade at this situation. And also we need to adjust the trendline because there is a new peak was created. 

See how MACD Histogram confirmed the breakout by flipping the bar up. Even its a good confirmation, do not forget to put your stop loss. Previous low (when buy) and previous high (when sell) is the stop loss.