Whilst I’m a huge advocate and fan of trading with momentum and the path of ‘least resistance’, even when I am trying to get on board an existing trend, I rarely trade breakouts, instead, I wait for price to pullback to value (support / resistance area) where I will get more factors of confluence lining up. Often times, failed breakouts can be good trading opportunities to fade or trade the opposite direction of the breakout. When markets are in trading ranges you can look to trade or ‘fade’ the trading range boundaries as price approaches them (trade back toward opposite end of range).