The mirror image of Break & Retest Long. Price breaks below key support, rallies back to test the broken support as new resistance.
Indicators Used
Rules
📉 Entry Rules
- Identify key support (Pivot S1/S2 or swing lows)
- Wait for close BELOW support
- Wait for price to pull back up to retest level
- Enter on bearish confirmation candle
- EMA 20 must be below EMA 50
🛡️ Risk Management
- Stop Loss: Above high of retest candle
- Take Profit: 2× risk distance below entry
- Partial: Close 50% at 1:1, trail rest
- Max loss per trade: 1-2% of account
⚙️ Configuration
- Fusion Mode: PA AND Indicator
- Patterns: Shooting Star ✓, Bearish Engulfing ✓
- SL: ATR × 1.5 | TP: R:R 2.0