There are two types of strategies. Breakout trading (a level gets broken), and retest trading (a level holds).
Confirmation:
- Breakout requires one D close beyond the level.
- SFP requires price to wick beyond the level, but have the same D candle close within it.
- Retest requires a D close beyond the level, and another D candle to close without touching the level.
Confirmation:
- Breakout requires one D close beyond the level.
- SFP requires price to wick beyond the level, but have the same D candle close within it.
- Retest requires a D close beyond the level, and another D candle to close without touching the level.
Note
More light shed upon Price Action strategies.Range mid requires 4H candle confirmation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.