Trade of The Week | Breakout & Retest Trading 🔥🔥🔥
Updated
Hey traders,
Recently we spotted a bearish breakout of key weekly structure support on EURCHF.
Its confirmed violation was a very strong bearish signal to us.
tradingview.com/chart/EURCHF/u8fs15Ok-EURCHF-Important-Breakout-Bearish-Outlook/
Then we were looking for a retest of the broken level and the intraday confirmation on that to short.
Retesting the underlined structure, the price formed a descending triangle formation on hourly time frame.
The trigger to sell was a bearish breakout of its neckline to the downside.
I opened my position on a retest.
tradingview.com/chart/EURCHF/u8fs15Ok-EURCHF-Important-Breakout-Bearish-Outlook/
65 pips of pure profit so far.
Did you catch this trade?
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Note
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