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Forex
Trendline Structure
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[QUOTE="theolove2021, post: 155836, member: 28307"] [ATTACH type="full"]47397[/ATTACH] In this particular scenario, the trend line structure was broken through again, and price re-tested the trend line to hold as new support. Again, on this re-test event there was a strong looking rejection candle buy signal, generating a nice bullish follow through move. The chart shows a strong structure level that was breached. Notice how the market came back up to re-test the technical level it broke out from, and the level was respected as new resistance. I call this the ‘breakout and retest’ event and it basically creates a ‘sweet spot’ for swing trading opportunities. Keep Trusting the Process. Success in not a fantasy, it is a formular. To your Success, Theophilus S. [/QUOTE]
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