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break and retest forex pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

Is a break and retest a good forex trading strategy?

A break and retest is a good forex trading strategy that is also easy to use. It happens after the price forms a consolidation or a certain chart pattern. If you are new to the strategy, we recommend that you spend enough time practicing it in a demo account before you apply it in a real account.

What is a retest in forex trading?

A retest in forex trading is the price action that occurs after a breakout, where the price returns to the level that was broken and tests it as a new support or resistance level. Should traders wait for a retest after the breakout?

Is break and retest the same as a breakout?

Break and retest is not the same as breakout. A breakout is the initial price action that breaks a key support or resistance level, while break and retest is the subsequent price movement that retests the same level as a new support or resistance level.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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