Trade of The Week | Breakout & Retest Trading 🔥🔥🔥

Dec 3, 2021

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?

❤️Please, support this idea with like and comment!❤️

Dec 6, 2021

Note

Check my new analysis on NZDCAD: