Break out, retest, trend continuation trade

This is an example of the classic bread and butter break out, retest , trend continuation trade setup . They occur in all time frames.
1. Establish the trend direction
2 Wait for consolidation,
3. Wait for the break out.
4. The retest of the old supply zone (resistance) for bullish trends often acts as a demand zone for entires long.
5 Stop placement below the base of consolidation.

The opposite applies for bearish trends.

Go back test and let me know how you get on!

Andrew