Hey trader
In this analysis, i share the break and retest on my descending trendline...This is my strategy i use for taking trades....
as depicted, the price broke that trendline and retested it by 50%_61.8% Fibonacci retracement on the level which broke the trendline...keep attention that the level measured is the level which began before breaking the trendline, that level is visible from the red minor pull candle...so that's the level which broke the trendline and then retested it 50%_61.8% of the Fibonacci retracement zone.
Cheers
In this analysis, i share the break and retest on my descending trendline...This is my strategy i use for taking trades....
as depicted, the price broke that trendline and retested it by 50%_61.8% Fibonacci retracement on the level which broke the trendline...keep attention that the level measured is the level which began before breaking the trendline, that level is visible from the red minor pull candle...so that's the level which broke the trendline and then retested it 50%_61.8% of the Fibonacci retracement zone.
Cheers