U Tube Trendline And Restest Strategy Forex. This is the best forex price action trading strategy you'll come across! The breakout and retest strategy is the one that many traders adopt when trading forex trendline breakouts or support and resistance levels.
Support-resistance trading, trend line trading, checking higher time frames, money management — the strategy has a concrete-like theory base and a simple implementation — a winning combination, that places it into the category of advanced strategies. The Trendline Break and Retest Strategy This is one of the most common strategies that is widely known. The trendline is plotted between two or more points on a chart.
The yellow highlight on the chart shows a pin bar pattern.
The first is to avoid false breakouts.
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The simple trendline retest forex trading strategy is used when: price breaks a chart trendline and goes away from it. and after a while, it starts heading back to the chart trendline it just broke previously. The strategy is designed to help forex traders do two main things. Apply a trendline to help visually spot out that trend and to use as an "barrier" for Price Action.