How I trade Break and Retest Pattern
Hey my follower
The price here broke the trendline (Ascending Trendline/Uptrending Trendline) and now it's going to give us a retest before continuing with a bearish move heading for our first critical horizontal level which we highlighted on the Weekly TF.
The aim of this trend is to give us a 50%_61.8% Fibonacci correction of the previous Bullish structure.
I hope it helps you with your strategy.
Cheers
The price here broke the trendline (Ascending Trendline/Uptrending Trendline) and now it's going to give us a retest before continuing with a bearish move heading for our first critical horizontal level which we highlighted on the Weekly TF.
The aim of this trend is to give us a 50%_61.8% Fibonacci correction of the previous Bullish structure.
I hope it helps you with your strategy.
Cheers
Feragatname
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