If you connect the dots together you'll see it matches trendlines and zones and also having multiple confluence in trading will give you an edge in the market
So many ways and strategies out there.
Break and retest is one of them it's simple and effective
I use Break and retest and others like RSI
The blck lines represent zones and if you check my entry and exit you'll see zones
Also on the RSI the exit is below 30% while the entry if above 70%
Note: sometimes RSI can be above 70% and below 30% for a long time doesn't it will reverse
That's why you use other confluences like strong zone or trendline
Don't just trade with OVERBOUGHT AND OVERSOLD
If this was helpful
Drop a like and comment 👍
So many ways and strategies out there.
Break and retest is one of them it's simple and effective
I use Break and retest and others like RSI
The blck lines represent zones and if you check my entry and exit you'll see zones
Also on the RSI the exit is below 30% while the entry if above 70%
Note: sometimes RSI can be above 70% and below 30% for a long time doesn't it will reverse
That's why you use other confluences like strong zone or trendline
Don't just trade with OVERBOUGHT AND OVERSOLD
If this was helpful
Drop a like and comment 👍
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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.
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.