It is up to strong holders that how to drive the market and how to keep those level interested, that everybody took their piece while we approach an area high low which is breached by strong movement either way, Specially when we trade supply and demand and the movement is so sharp that sometimes we do see few fake retest and value still remain up or below a certain barrier.
Let's take a look at trade of Eur/jpy I took yesterday
So, when you decide to trade such scenario, think in Advance.
* Importance of Level, How crucial the level is, means the rise and decline from the broken level should be strong
* How Price is approaching the level or retesting it . If price still very choppy in retesting then move to lower time frames for entry
*It's better to wait for first test otherwise that supply or demand levels seems to be consumed if we wait for second retest and still low values can spike out of anywhere.
*Profit margin should be atleast 2 time the risks and If you trade at higher time frames then this type of trades can go atleast 5 to 10 times of the risks, So better you trade those higher h1 or m30
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