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Breakandretest

EUR/USD Short ideaLooking to get into a Short position intra day under following conditions only. 1: Break of the current 4hr trendline 2: Break of the recent low 3: Break of the 50 EMA 4: Await a re test of the break of the EMA and previous support, showing bearish PA on the 1 hr timeframe 5: Bearish confirmation of candle such as bearish engulfing, pin bar etc. These as confluence under my trading plan would create a valid trade. SL is place above the recent swing high to give the trade to breath and look for liquidity if required before the move. Risk management is key. Good luck to all
Short
by LewisBWalsh
AUD/JPY Price Trap IDEA* Break & Retest(1) - Wait for BREAK of resistance (ceiling) - Wait for RETEST (where price closes above the previous level of resistance) - Once price CONFIRMS resistance as a new support floor, IT IS SAFE TO ENTER. (2) - Wait for a BREAK of support (floor) - Wait for RETEST (where price closes below the previous level of support) - Once price CONFIRMS support as a new resistance (ceiling) IT IS SAFE TO ENTER. (3) *ENTRYS ON 15min Time Frame (4) Harmonic Scanner is calling a 'buy' 1 hour timeframe, potential 140 pips (5) Risk Management 0.01 per £100 0.02 per £200 0.03 per £300 0.04 per £400 0.10 per £1000 (5) 30 pips TAKE PROFIT 30 pips STOP LOSS 1:1 **FULL RISK DISCLOSURE: Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is no guarantee of future results**
by Rimzie
GBPUSD SHORTClear breaout from the ascending channel that GU has been traveling in for a while now. We have now got a nice break and rates with confluence from the golden Fibonacci zone. I will be entering a short here to target my -27.00 extension. I will set the trade to break even once 0.00 is hit and close Position 1 after -27.00 extension is hit. Im gonna let the other position run to -61.8 at breakeven after TP1 is secured. Lets see what happens. We have 1 loser today so far.
Short
by jacolbywilliams11
GBPCAD SHORTThere has been a major break and retest shown on the H1 for GBPCAD. I have been waiting patiently for a nice entry and I have finally got my signal on the minute 15 Fibonacci retracement. Price has wicked my golden zone and is now beginning to fall away. My first TP will be at the -27.00 extension. Once TP1 is hit , I will set trade to BE and let the rest run to my - 61.8 extension. Sl is just a little above the wick in the golden zone. Lets see if price will fall heavily here.
Short
by jacolbywilliams11
Simple break and retest - immaculate execution. A key lesson to learn in trading is that opportunities don't appear very often. I'm talking about those sure-fire opportunities that you are 100% confident of taking without "ermmm'ing" and "arrr'ing". This was a move 2 days in the making. Just waiting patiently for that right moment to execute a flawless trade. Here is an example of a textbook break and retest trade. GU had been previously using the 'Key Level' I had marked, as a major resistance level. Yesterday, this level was finally broken. Unlike the fakeout which occurred 2 weeks ago, this breakout was CLEAN and market structure then followed by beginning to respect the key level on multiple occasions now as SUPPORT. Seeing this momentum shift, it was a trade that was too good to miss. Very little risk, high reward. As you can see, as of 18th Nov 2020, TP has now been hit, 0% drawdown once again (although SL was at 15 pips). Well done to those who spotted this and executed it correctly. 21% gain was made on this trade.
by Imyali92
GBPCAD SHORtOvernight during the London session price was able to test the major 4hr Ascending channel trendline and the minature 1hr ascending channel Trendline. After finding a break and retest of the trendline from the bullish rally to the trendline, on the m15 chart, I will be going short here and will be targeting the bottom of the channel. If price hault at a support zone while on the rally down I will take profit. But ultimately Im looking for a clean flood down of price to the bottom of the channel. Remeber to use RISK MANAGMENT. Lets see what the market does for us ladies and gents.
Short
by jacolbywilliams11
Chf/jpy - Short Another set up was provided today. I took this trade on the retest of a 15m level after getting confirmation on the 1D, 4H and 1H. Very simply, i waited for a key level to be broken on a clear trend and then went short once the retest of that key level started to show rejection. If you can keep your strategy simple you can repeat it easily, and this is key to staying consistent. My risk s 1% and i will be seeking 2x my risk, once the trade gets half way to my TP i will lock in stops at break even. I hope this helps.
Short
by ProsperousTechnician
GBPAUD Double topNice, simple & clean. Double top, neckline has already been broken, now we just need to look for the retrace - its always possible that this wont give a full retrace, or it may even over extend to the bodies of the candles on the neckline. nice drop off on the MACD across the peaks, and a trend break to vouch. Price action also looking very nice for the bears. I'm looking for this to push up a little, then short this pair. As always with these patterns, targets are fib extension - 1 & 1618 of the pattern itself. I will be in the LTF's looking for confirmed short entries.
Short
by TeePeeFX
GJ Break and RetestI recently closed my position on this setup it was a break and retest and price fell beautifully. My confirmations were the Fibonacci and also seeing my moving averages cross. I did enter as the candle was heading down, and it continued to fall in my favor. on the H4 the candle was a strong Bearish candle at a HH point in price action. All in all this was a nice setup the only thing that wouldve made it a bit better wouldve been for the engulfing on the H1 to actually Close.
Short
by joshuabrown1961
USDCAD BUY (Signal #4)This is on the 4H chart, and we can see a strong support. Take a look at the chart: 1. Price fails to break support 2. Fails again 3. Breaks support 4. Retest It couldn't get simpler than this, a simple break and retest on the 4H chart for USDCAD, with great upside potential and R:R. The US election on November 3 could completely disregard our technical analysis and unexpected moves will happen. Due to that reason, I will not be taking this trade personally. In the event that Trump gets elected, this trade will hit TP almost certainly. If you decide to take this trade, use very low risk. Entry Price: 1.32590 Take profit: 1.33557 (100) Stop loss: 1.32058 (50)
Long
by ForexParadigm