Break and retest is a day trade, in and out of the bag,...
entry- consolidating market within the 1hr-4hr Tf,
long position- map out the zones, high and low on the current phase, wait patiently on the break and close of the top zone, a retest to that zone for a good RR of max 3:1..
short position - consolidating market within the 1hr-4hr Tf, map out the zones, high and low on the current phase, wait patiently on the break and close of the down zone, a retest to that zone for a good RR of max 3:1..
stop loss- above the high of the candle that. broke zone, below the candle that broke zone.
Tp - the new low or high
entry- consolidating market within the 1hr-4hr Tf,
long position- map out the zones, high and low on the current phase, wait patiently on the break and close of the top zone, a retest to that zone for a good RR of max 3:1..
short position - consolidating market within the 1hr-4hr Tf, map out the zones, high and low on the current phase, wait patiently on the break and close of the down zone, a retest to that zone for a good RR of max 3:1..
stop loss- above the high of the candle that. broke zone, below the candle that broke zone.
Tp - the new low or high