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Breakout Retest Scan MT5

Introduction

The breakout and retest strategy is traded support and resistance levels. it involves price breaking through a previous level. 

The break and retest strategy is designed to help traders do two main things, the first is to avoid false breakouts. Many false breakouts start with a candlestick that breaks out of a level but ends with an immediate candlestick that brings the price back into the level. The second thing that the breakout and retest strategy does is that it helps traders confirm a new trend. When the price breaks out from a resistance level and retests it on the other side, it is a clear signal that a new support/ resistance level has formed and a new trend has begun.


Breakout and retest Scanner Indicator

It is easy for a trader to recognize patterns on scanner chart by scanning many charts and time frames in same time without trader's mistake in calculations. This indicator can automatically scan all symbols and time frames to find possible patterns in one chart.

Scan, Fibonacci calculations and pattern recognition are completely done by Breakout and Retest Scanner indicator; All you do is "press the scan button". It sends alert and push notification on your mobile.


How To Work

Default setting is best practice and you can just add it on chart and use Breakout and Retest Scanner indicator, then you have signals with entry point, stop-loss, and take-profit by clear signal to decide a strong trade.


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-   Real price is 1000$   - Limited Discount (It is now 399$) Welcome, Gold Trade Expert opens   automatically   trade with Highly profit, Fixed Stop loss. After purchase, You can receive  Bitcoin Expert  for  Free ! Contact me for this  BONUS ! No Martingale, No Grid, No Scam Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency sys
-   Real price is 1000$   - Limited Discount (It is now 399$) Welcome, Gold Trade Expert opens   automatically   trade with Highly profit, Fixed Stop loss. After purchase, You can receive  Bitcoin Expert  for  Free ! Contact me for this  BONUS ! No Martingale, No Grid, No Scam Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency sys
Contact me for instruction, any questions! Related Product:  Gold Trade Expert MT5 Introduction Flag patterns are an important tool for technical traders in the stock market. When interpreting a flag pattern, it is important to wait for the pattern to pick a direction before entering a trade, as flags are generally considered to be a period of consolidation where the price of a security is caught in a range after a sharp move. It is essential to note that flags can occur in both bullish and b
Contact me for instruction, any questions! Introduction The Elliott Wave in technical analysis describes price movements in the financial market that are related to changes in trader sentiment and psychology. The 5 W Pattern (Known as 3 Drives) is an Elliott Wave pattern that is formed by 5 consecutive symmetrical moves up or down. In its bullish form, the market is making 5 drives to a bottom before an uptrend forms. In a bearish 5-drive, it is peaking before the bears take over.  5W Pattern
Contact me for instruction, any questions! Introduction V Bottoms and Tops are popular   chart patterns   among traders due to their potential for identifying trend reversals. These patterns are characterized by sharp and sudden price movements, creating a V-shaped or inverted V-shaped formation on the   chart . By recognizing these patterns, traders can anticipate potential shifts in market direction and position themselves accordingly.  V pattern is a powerful bullish/bearish reversal pattern
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Version 1.1 2024.10.10
Added new features - Perfect Patterns and Buy/Sell signals