Break and retest of level

Here is a simple price action strategy anyone can trade on almost any time frame.

This forex breakout strategy is based upon a simple price action formation called the Breakout-Retest formation.

The key element involves price breaking a major high or low with a very impulsive move. The impulsive move suggests commitment from the institutions pushing price and the fact its occurring at a significant high/low adds weight to the move and price action around it.