Retest and Pullback

Strategy
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Have you been trading for a while and want to upgrade your entry
skills?

Maybe this will help you. Did you know that one of the
characteristics of price is that it likes to make a retest at a broken
Support and Resistance (SNR) level?

To go up, the price needs to go down.

To go down, the price needs to go up. It's confusing, isn't it?

But that's the reality. Keep reading.

The two points you need to pay attention to are...

1. SNR breakout

2. Chart pattern breakout

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What is 'retest'?

Retest is a situation where there is a retracement to the breakout

point of the price. The price retraces back to that breakout point and
if it fails to have a false break, it will continue the previous breakout
trend.

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Get Daily Profit Telegram Signals US Bank Secrets System ROI 10% per Monthly
Get Daily Profit Telegram Signals US Bank Secrets System ROI 10% per Monthly
False break means that the trend will not pullback and you do not
need to enter following the trend breakout.

Avoid trading if a false break occurs. Waiting for confirmation will

help you identify entry opportunities and avoid entering false signals
or false breaks.

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Get Daily Profit Telegram Signals US Bank Secrets System ROI 10% per Monthly
SNR Breakout

Here are two SNRs that you can use as your main guide:

1. Price level
2. Trendline

When a new SNR is breached, there is usually a retest before it

continues its journey.

The distance or duration of time also plays an important role for you
to see entry opportunities after a retest occurs.

Moreover, it also tells you the current condition of the market,

whether it's very active or a normal market.

An active market usually makes a retest and pullback within the

same day. For example, if a breakout occurs during the Asian
session, the retest will occur during the same Asian session, and
then the pullback will occur during the night in the US time zone.

When an SNR is breached, a retest usually occurs. This is the best

opportunity to enter the market in the direction of the breakout.

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Get Daily Profit Telegram Signals US Bank Secrets System ROI 10% per Monthly
It is also applicable for the trendline breakout method.

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Chart Pattern Breakout

There are several types of chart patterns. Chart pattern breakout is

usually stronger than SNR breakout. This is because,
psychologically, the repetition of patterns is formed from the habits
and characteristics of humans (traders) that are driven by fear and
greed.

Your best opportunity to enter the market is when the price makes a
retest back to the broken trendline that you use to connect the high-
low points for the chart pattern.

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Get Daily Profit Telegram Signals US Bank Secrets System ROI 10% per Monthly
Chart patterns often appear during a reversal or trend change, as
well as continuation patterns. The difference with price levels (SNR)
and trendlines is that it moves sideways and forms certain patterns.

You can use trendlines to connect the high and low points of the
price to identify what pattern is formed. Next, wait for the breakout
to occur and watch for a retest. Entry will be made if a retest occurs.

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What are the benefits or advantages of a retest entry?

The most accurate answer is that you will have a small stop-loss risk
and enter at the right time with less negative/floating loss.

The first entry often faces a relatively large floating loss/negative,

while the second entry only faces a brief floating period before it
becomes floating profit.

The second entry is the most preferred entry for full-margin traders.

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What should be done if there is no retest and pullback?

Avoiding entry is the best way because you certainly don't want to
waste time on something that doesn't give you an edge. In trading,
you need something called an 'edge'.

Traders who consistently profit have their own edge and

consistently make entries in situations where they have an
advantage, which is to make entries at a low price for buying and at
a high price when selling.

This can only be done when the market makes a retracement or

retest after the breakout!

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Retest and Pullback Strategy Conclusion

Understanding SNR pullback is crucial for any trader who seeks to

maximize their profits and minimize their losses. It is essential to
note that the market is not always predictable, and false breaks can
occur.

Therefore, waiting for confirmation and identifying opportunities for

entry after a retest is crucial to avoid false signals.

Moreover, while different types of breakouts exist, chart pattern

breakouts are typically stronger than SNR breakouts due to the
psychological factor of fear and greed.

As a trader, having a clear edge or advantage is essential, and this

can only be achieved through consistent practice and making entries
at the right time, especially during retracements or retests.

By incorporating these strategies, traders can increase their chances

of success and achieve their financial goals.

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