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Breakandretest

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
AUDCAD, break and possible retest.Price is at a high probability support and resistance zone which also aligns nicely with a 6H trend line. Drop to a lower time frame for signs of rejection and a better entry once price continues to respect this zone. Happy trading! Side note: I've been absent for a bit because of some personal things I was dealing with but I must say thank you to euphoriant_one for sending me a message today to let me know that I've been missed. I greatly appreciate your message and concern. Thank you and I'm back now :)
Short
by iamarielle_868