Forex Setups And Trading The Retest Pattern
Remember, this strategy is not a holy grail, and you don’t want a single trade to wipe off all your money. Both bull and bear traps are especially dangerous for traders using high leverage. A false breakout or breakdown can liquidate leveraged positions quickly, especially during rapid price reversals. Keeping leverage low and maintaining adequate margin can help mitigate these risks. Bear traps, on the other hand, emerge when prices dip below key support levels, triggering panic selling or short positions. With countless strategies to choose from, it’s easy to get overwhelmed. However, one approach that stands out for its simplicity and effectiveness is the Break and Retest Trading Strategy. This brief rally enticed many to buy shares, anticipating a sustained upward exchange rate singapore dollar to euro trend. Now…