The 2B strategy (a.k.a. false break or turtle soup) is very suitable for trading in a range or trend.
Rules for entry:
Long position:
See Also
How to trade the 2b Pattern and 1-2-3 Reversal by Victor Sperandeo?What are the Best and most Accurate Trend Reversal Indicators?An Introduction to Price Action Trading StrategiesMunehisa Homma - The Father Of Price Action Trading- Wait for a break below support level
- Buy after the price returns back above the broken support
- The initial stop should be placed below the low reached during the break.
2B buy set up
![False break – 2B strategy [Forex Software] (1)](https://forexsb.com/wiki/_detail/trading/2b_buy_set_up.png?id=trading%3A2b-strategy "False break – 2B strategy [Forex Software] (1)")
Short position:
- Wait for a break above resistance level
- Sell after the price returns back below the broken resistance
- The initial stop should be placed above the high reached during the break.
2B sell set up
![False break – 2B strategy [Forex Software] (2)](https://forexsb.com/wiki/_detail/trading/2b_sell_set_up.png?id=trading%3A2b-strategy "False break – 2B strategy [Forex Software] (2)")
![False break – 2B strategy [Forex Software] (2024)](data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mP8/h8AAvMB+NzmkbcAAAAASUVORK5CYII=)