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Beginner's Guide to Earning $1000 Weekly Using 15-Minute Candlestick Retest Patterns
Start with small steps and gain big experience, Follow the stategy high risk high income low risk low income. Be patiently observed this patterns and follow it without face loss. First read it carefully and then understand .
Trading with retest patterns is a proven strategy that can yield consistent profits if applied correctly. The chart you provided outlines various types of retest patterns that traders can use to identify market opportunities. Here's a step-by-step guide for beginners to make $1000 in a week using these 15-minute candlestick patterns:
Understanding the Retest Patterns
The chart identifies different types of retest patterns. Each is significant in predicting price movement. Below are the key patterns:
1. Support Retest:
Price breaks below a support level and retests it from below.This indicates a potential continuation of the downtrend.Strategy: Enter a short position after the retest confirmation.
2. Resistance Retest:
Price breaks above a resistance level and retests it from above.This signals a continuation of the uptrend.Strategy: Enter a long position after a bullish confirmation candle.
3. Supply Retest:
Price returns to a supply zone (an area of selling pressure) after a breakdown.Strategy: Wait for a rejection at the supply zone before entering a short trade.
4. Demand Retest:
Price revisits a demand zone (an area of buying pressure) after a breakout.Strategy: Enter a long position after the price shows strong bullish activity at the demand zone.
5. Volume Profile Retest (Bullish & Bearish):
Volume profile shows areas of high activity.A bullish retest indicates upward momentum, while a bearish retest suggests a downtrend.Strategy: Use the volume profile to confirm trend continuation before entering trades.
6. Trendline Bullish Retest:
Price breaks above a descending trendline and retests it.This confirms a reversal to an uptrend.Strategy: Go long after the retest is validated.
7. Trendline Bearish Retest:
Price breaks below an ascending trendline and retests it.This signals a potential downtrend.Strategy: Go short after a bearish confirmation.
How to Use Retest Patterns in 15-Minute Timeframes
Step 1: Pattern Recognition
Monitor 15-minute charts for the mentioned patterns.Draw support, resistance, trendlines, and zones for supply and demand.
Step 2: Confirmation Signals
Use candlestick patterns (e.g., pin bars, engulfing candles) to confirm the retest.Combine with indicators like RSI and MACD for added confidence.
Step 3: Entry and Exit Strategies
Entry: Enter the trade after a confirmed retest and a strong candlestick in the anticipated direction.Stop Loss: Place a stop-loss slightly above/below the retest level.Take Profit: Use a risk-reward ratio of 1:2 or 1:3 to set your profit targets.
Step 4: Risk Management
Trade with 1-2% of your capital per trade to limit losses.Avoid overtrading; focus on high-probability setups.
Example Trade Setup
Scenario: Resistance Retest in a Bullish Market
Observation: Price breaks a key resistance level and retests it.Confirmation: A bullish engulfing candle forms after the retest.Entry: Go long immediately after the confirmation candle closes.Stop Loss: Place a stop-loss below the resistance level.Take Profit: Set the target at 2x or 3x your risk.
Pro Tips to Earn $1000 Weekly
Focus on High-Volume Markets: Trade BTC, ETH, or other liquid assets for better reliability.Use Leverage Wisely: On Binance Futures, moderate leverage (e.g., 5x) can boost returns, but manage risks carefully.Practice Discipline: Stick to your strategy and avoid emotional decisions.Analyze Daily: Review and refine your trades to improve accuracy.
By mastering these 15-minute retest patterns and following disciplined trading practices, you can steadily build your account to achieve $1000 weekly profits.
#MarketMajorComeback #15minutscandlestickpattern
Trading with retest patterns is a proven strategy that can yield consistent profits if applied correctly. The chart you provided outlines various types of retest patterns that traders can use to identify market opportunities. Here's a step-by-step guide for beginners to make $1000 in a week using these 15-minute candlestick patterns:
Understanding the Retest Patterns
The chart identifies different types of retest patterns. Each is significant in predicting price movement. Below are the key patterns:
1. Support Retest:
Price breaks below a support level and retests it from below.This indicates a potential continuation of the downtrend.Strategy: Enter a short position after the retest confirmation.
2. Resistance Retest:
Price breaks above a resistance level and retests it from above.This signals a continuation of the uptrend.Strategy: Enter a long position after a bullish confirmation candle.
3. Supply Retest:
Price returns to a supply zone (an area of selling pressure) after a breakdown.Strategy: Wait for a rejection at the supply zone before entering a short trade.
4. Demand Retest:
Price revisits a demand zone (an area of buying pressure) after a breakout.Strategy: Enter a long position after the price shows strong bullish activity at the demand zone.
5. Volume Profile Retest (Bullish & Bearish):
Volume profile shows areas of high activity.A bullish retest indicates upward momentum, while a bearish retest suggests a downtrend.Strategy: Use the volume profile to confirm trend continuation before entering trades.
6. Trendline Bullish Retest:
Price breaks above a descending trendline and retests it.This confirms a reversal to an uptrend.Strategy: Go long after the retest is validated.
7. Trendline Bearish Retest:
Price breaks below an ascending trendline and retests it.This signals a potential downtrend.Strategy: Go short after a bearish confirmation.
How to Use Retest Patterns in 15-Minute Timeframes
Step 1: Pattern Recognition
Monitor 15-minute charts for the mentioned patterns.Draw support, resistance, trendlines, and zones for supply and demand.
Step 2: Confirmation Signals
Use candlestick patterns (e.g., pin bars, engulfing candles) to confirm the retest.Combine with indicators like RSI and MACD for added confidence.
Step 3: Entry and Exit Strategies
Entry: Enter the trade after a confirmed retest and a strong candlestick in the anticipated direction.Stop Loss: Place a stop-loss slightly above/below the retest level.Take Profit: Use a risk-reward ratio of 1:2 or 1:3 to set your profit targets.
Step 4: Risk Management
Trade with 1-2% of your capital per trade to limit losses.Avoid overtrading; focus on high-probability setups.
Example Trade Setup
Scenario: Resistance Retest in a Bullish Market
Observation: Price breaks a key resistance level and retests it.Confirmation: A bullish engulfing candle forms after the retest.Entry: Go long immediately after the confirmation candle closes.Stop Loss: Place a stop-loss below the resistance level.Take Profit: Set the target at 2x or 3x your risk.
Pro Tips to Earn $1000 Weekly
Focus on High-Volume Markets: Trade BTC, ETH, or other liquid assets for better reliability.Use Leverage Wisely: On Binance Futures, moderate leverage (e.g., 5x) can boost returns, but manage risks carefully.Practice Discipline: Stick to your strategy and avoid emotional decisions.Analyze Daily: Review and refine your trades to improve accuracy.
By mastering these 15-minute retest patterns and following disciplined trading practices, you can steadily build your account to achieve $1000 weekly profits.
#MarketMajorComeback #15minutscandlestickpattern
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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