The breakout and retest is probably one of the most common scenarios and trade setups known in the trading industry.
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When price breaks through and closes past a zone, more often than not, price will retest that zone before continuing in the break out direction.
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This is a viable opportunity to enter a position with added probability of success.

When price retests a zone, we wait for a confirmation of reversal, this can look anything like a candlestick pattern, long wick or even a fib level test and bounce.⠀

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