taltosbaloch

Breakout and Retest trade

Long
FX:EURUSD   Euro / U.S. Dollar
1:2 trade easily achieved from breakout and retest. The confirmation of the trade was given by a Bullish engulfing candle when the resistance was broken and retested at 30m chart. Entry at the closure of the bullish 30m candle and stop below the support(Bullish engulfing candle).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.