Break Retest Pattern | Live Forex Trade | AUDJPY |1 Hour Chart

By | March 15, 2016

See the attached video – This video was originally posted 2014. The interesting aspect to this setup was the rejection that formed on the first touch of the breakout level. This candle almost qualified as a spike. This rejection was immediately followed by an engulfing signal that triggered the entry. Not much of a pullback was required as the 2x profit target was a long ways out.

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