STRATEGY FOR BREAK & RETEST IN THE PREVIOUS SESSION
STRATEGY FOR BREAK & RETEST IN THE PREVIOUS SESSION
Here's a quick outline of what you need to look for and how to use it to your advantage:
Identify the high and low of the previous session.
Take note of the time when the old session ends and the new one begins, as this is when potential break and retest opportunities may occur.
Keep an eye on price action to look for any other potential break and retest patterns.
When trading, it's important to trust what you see based on multiple confirmations such as price action, trend lines, and breaks of structure.
Understanding the high and low of the previous session is also important as it can give insight into the volume of the day and direction of the market, allowing you to place support and resistance levels and stop loss orders with confidence.
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