Breakout and retest strategy breakdown.

Here's how this particular setup works: You catch the initial breakout move, then wait for price to come back and retest the breakout level. That retest often acts as strong support or resistance, giving you a solid entry point.

Why this matters? Because it confirms the breakout is legit before you commit capital. Instead of chasing the first spike, you're letting the market validate the move for you.

The beauty of this approach is the risk-reward ratio tends to be cleaner. Your stop loss sits just below the retest zone, and your target extends further out from there.

If you're looking to sharpen your trading skills, this is worth drilling into. Testing breakout patterns across different timeframes and market conditions helps you spot these setups faster when they actually matter.

Feel free to run through the charts yourself, test it on historical data, and see how often this pattern plays out in your target pairs.