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Throwback after Upside Breakout

By marketaffairs
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A throwback is the retracement that occur follow a breakout of resistance line and take support on that respected resistance which just broken, and turned into support. Throwback may provide a second entry opportunity if the initial breakout trade was missed. Some traders prefer to buy on the throwback.
breakandretestbreakouttradingParallel ChannelthrowbackthrowbacksTrend Lines
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