Break and Retest, correction setup!
Updated
Hey Trader
Here i have AUDUSD with a beautiful break and retest on my descending trendline. The impulse level which broke the trendline did the correction by 50%_61.8% of the Fibonacci retracement.
Now it's all buys with 2 targets as my Take Profits.
Cheers
Here i have AUDUSD with a beautiful break and retest on my descending trendline. The impulse level which broke the trendline did the correction by 50%_61.8% of the Fibonacci retracement.
Now it's all buys with 2 targets as my Take Profits.
Cheers
Trade closed: stop reached
Setup looked good, however, it was against the trend! So, it was wrong!!!
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