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

By | March 12, 2016

See the attached video – This video was originally posted in July of 2014. Nice clean break and retest pattern with a textbook breakout. Additionally, the arch that pulled away left plenty of white space on the chart before finally pulling back to reject the beak level as well as the center band. It is typical for the market it give us second and even third chance entries, this one gave us several chances over the span of a couple hours. The profit target is just a couple pips above the resistance target so that when the level is retested our 2x profit target order will be executed.

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