Running summarizing tools on a new article

Abstract: Trading breakouts at key levels can involve a lot of risk and as a result, false breakouts appear more frequently than real breakouts. Sometimes prices will test the resistance level once, twice, or even three times before breaking out. This has fostered the development of a large degree of contra-trend traders who look only to fade breakouts in the currency markets. Yet fading every breakout can also result in some significant losses because once a real breakout occurs, the trend is generally strong and long-lasting. The fader strategy is a variation of the waiting for the real deal strategy. It uses the daily charts to identify the range-bound environment and the hourly charts to pinpoint entry levels. The false breakout strategy works best when there are no significant economic reports scheduled for release that could trigger sharp unexpected movements.