0013 - Backtest(BT) Gold - Break n Retest
***BACKTEST***
Tendency = Downwards
CONTINUATION
Wait for a break of support (floor).
Wait for a RETEST (where price closes below the previous level of support)
Once price confirms (Candle in our direction) support as a new resistance, it is safe to enter
Price doing this is a continuation of a DOWNTREND
SHIFT
Wait for a break of resistance(ceiling).
Wait for a RETEST (where price closes above the previous level of resistance)
Once price confirms (Candle in our direction) resistance as new support, it is safe to enter
Price doing this is a SHIFT in MOMENTUM
----
30 Pip SL ALWAYS
Break even to 2 pips when 10 pips in profit
Twin Trade
First TP @ 30 pips
Second trade trail SL at every new market structure
Tendency = Downwards
CONTINUATION
Wait for a break of support (floor).
Wait for a RETEST (where price closes below the previous level of support)
Once price confirms (Candle in our direction) support as a new resistance, it is safe to enter
Price doing this is a continuation of a DOWNTREND
SHIFT
Wait for a break of resistance(ceiling).
Wait for a RETEST (where price closes above the previous level of resistance)
Once price confirms (Candle in our direction) resistance as new support, it is safe to enter
Price doing this is a SHIFT in MOMENTUM
----
30 Pip SL ALWAYS
Break even to 2 pips when 10 pips in profit
Twin Trade
First TP @ 30 pips
Second trade trail SL at every new market structure
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