SanShone

Types of Retests

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OANDA:XAUUSD   Gold Spot / U.S. Dollar
Here you can see few examples of a Retests 📊

⚫️ First example is a regular support and resistance retest. It occurs after price breaks this zones. Price then goes back to test previous support or resistance and this is usually good place to enter a trade.

⚫️ Second example is a supply and demand retest.

⚫️ Third example uses help of volume profile indicator. Areas of a high volume profile represent zones where potential retest can occur.

⚫️ Fourth example is a simple trendline retest. Very useful when you look for a reversal entries.

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