Trendline Break and Retest Rejection Play
FOLLOW FOR DETAILED TRADE PLANS OF MAJOR FOREX PAIRS
Bias - Short
Type - Trendline break and retest rejection
Evidence -
(1) Clear LH connecting a bearish trendline
(2) A repeatedly touched daily bullish trendline, where price will likely move to again.
Method -
Wait for a break of the minor bullish trendline (green dotted line), and entering a retest close to the trendline forming a new LH where you stop will be just above.
NZDUSD
Bias - Short
Type - Trendline break and retest rejection
Evidence -
(1) Clear LH connecting a bearish trendline
(2) A repeatedly touched daily bullish trendline, where price will likely move to again.
Method -
Wait for a break of the minor bullish trendline (green dotted line), and entering a retest close to the trendline forming a new LH where you stop will be just above.
NZDUSD
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.