The breakout and retest strategy is the one that many traders adopt when trading forex trendline breakouts or support and resistance levels. The strategy is designed to help forex traders do two main things. The first is to avoid false breakouts. Many false breakouts start with a string candlestick that breaks out.
pointed out the lower level and lower level and both LH AND HL. So, for now, am waiting to see the market reaction if it will make another shoulder in completion of head and shoulders formation. After so month it should break down and for an entry level we wait for retest towards the LH.
The breakout and retest strategy is the one that many traders adopt when trading forex trendline breakouts or support and resistance levels. The strategy is designed to help forex traders do two main things. The first is to avoid false breakouts. Many false breakouts start with a string candlestick that breaks out.
