Mastering Trade Entries: Consolidation, Retests & Risk Management 💹📊 #TradingTips #Forex

1. Entry After Confirmation: Wait for a confirmation signal after the consolidation and retest of the high, supported by strong volume. Enter the trade once the price confirms the direction, typically after a breakout or clear momentum shift.

2. Risk Management: Set the stop loss below the breaching candlestick to minimize potential losses. Ensure proper risk management practices are in place, adjusting position size accordingly.

3. Target Setting: Identify the next resistance or liquidity area as the target. Utilize multiple indicators to strengthen the analysis, acknowledging that trading is a game of probabilities, not certainties.