Swing Retest Strategy for 7% gains

19 Apr 2023

As a swing trader, I often use the Swing Retest Strategy to identify potential buying or selling opportunities in the market. This strategy is based on the concept of support and resistance levels, which are key areas on a price chart where the market tends to reverse.

Buy - 125
Target - 133
SL - 116

To implement this strategy, I look for swing highs and swing lows to identify potential support and resistance levels. Once I identify these levels, I wait for the price to retest them before entering a trade. This retest confirms the strength of the support or resistance level and increases the probability of a successful trade.

To confirm the retest, I may use price action analysis to identify patterns such as trend-line support that indicate potential support and resistance levels.

Overall, the Swing Retest Strategy is a useful tool for swing traders like me, looking to enter trades with a high probability of success based on support and resistance levels. However, I always combine it with proper risk management and trade only with a sound trading plan to ensure long-term success.

26 Mei 2023

Nota

Remarkable heights scaled