Breakout & retest
Let it prove itself
Many breakouts fail. A safer version: wait for a candle to close beyond the level, then for price to come back and retest it from the other side. Enter when the retest holds, with the stop on the other side of the level.
Test yourself
Where is the entry in a breakout and retest?
When price returns to the broken level and holdsThe retest entry confirms the flip and gives a tight stop.
What is the biggest risk of entering on the breakout candle itself?
It may be a fake-out that closes back insideWithout a close and retest, many breakouts turn out to be sweeps.
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