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

By | March 12, 2016

See attached video – This video originally posted in July of 2014. The USDCHF on the 1 hour time-frame. We went long following the bullish spike candle that completed the break and retest pattern.  The 2x profit target was placed just above the bounce high which is unusual however; because it is such a clean trade I expect to see the newly established resistance level tested which will trigger our profit order. After an unexpected pullback that nearly took our stop loss order the market pushed and broke right through the resistance and our take profit order with a large body candle.

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