busted
New Member
The best pullback is the first pullback
A pullback is when the price temporarily moves against the trend. And this provides an opportunity for traders to get on board the trend.
In my experience, the best pullback is the first pullback after a breakout.
Here’s why…
When the market is in a range, it must break out eventually.
And as you know… the longer it range, the harder it breaks.
So, when the market finally breaks out, traders who miss the move can’t wait to enter on the first sign of a pullback.
These pullbacks usually have shallow retracement as not many traders want to trade against the strong momentum.
And this offers a high probability pullback trade.
A pullback is when the price temporarily moves against the trend. And this provides an opportunity for traders to get on board the trend.
In my experience, the best pullback is the first pullback after a breakout.
Here’s why…
When the market is in a range, it must break out eventually.
And as you know… the longer it range, the harder it breaks.
So, when the market finally breaks out, traders who miss the move can’t wait to enter on the first sign of a pullback.
These pullbacks usually have shallow retracement as not many traders want to trade against the strong momentum.
And this offers a high probability pullback trade.
