SakiynaLee

GBPUSD, Breakout Retest Strategy, JUNE 18 1HR

FX:GBPUSD   British Pound / U.S. Dollar
when the breakout occurs wait for a pullback or the retest and a confirming candle to enter.
2% risk management rule
SL 15 to 25 pips from entry
Comment: It did the breakout and retested back to the highlighted zone but the market is now consolidating , but if you entered on the confirming candle you should have been able to secure some amount of profits. Hope u guys only risked 1 or 2 % of your account on this. The markets have been like this from week so just secure some profits and close out

Comments

I love this idea... I'm now waiting on the restest. thank you :)
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Amazing idea.It's helpful
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SakiynaLee JeanaHindmarch
@JeanaHindmarch, Thank you
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stick around for more trade ideas :)
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GREAT TRADE IDEA!!!
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WE LOVE YOU SAK!!!!!!!!! :)
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SakiynaLee shamroman77
@shamroman77, thank you sham
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rueleokeyo SakiynaLee
@SakiynaLee, beginner here, could you please explain what you just said, i have something similar on my demo account
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SakiynaLee rueleokeyo
@rueleokeyo, I marked it up on the 1hr timeframe so you would focus on that timeframe for the confirming bearish candle. It actually just broke out the zone and is retesting, so we are waiting on the confirmation
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SakiynaLee SakiynaLee
@SakiynaLee, however please note that the candle colours is of personal preference , and my bearish candles are green so dont let that confuse you @rueleokeyo
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