The breakout and retest strategy is the one that many traders adopt when trading forex trendline breakouts or support and resistance levels. The strategy is designed to help forex traders do two main things. The first is to avoid false breakouts. Many false breakouts start with a string candlestick that breaks out.
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.