Master the Art of Gap Retest Trading! 📈📉

Identify high-probability entry points by utilizing gap retest strategies.

Key Points:

Gap: A significant price movement that leaves a gap in the chart.

Retest: The price often retraces back to the gap area before continuing its trend.

Supply Zone: The area above the gap where selling pressure is strong.

Trading Strategy:

Identify the Gap: Look for significant gaps in the price chart.

Wait for the Retest: The price may pull back to the gap area and retest the previous support or resistance level.

Enter the Trade: Place your order near the retest point, aiming to ride the continuation of the trend.

Set Stop-Loss and Take-Profit: Use technical analysis tools like Fibonacci retracement or price targets to determine appropriate levels.

Remember:

Risk Management: Always use stop-loss orders to protect your capital.

Confirmation: Combine gap retest strategies with other technical analysis tools for increased accuracy.

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