We can predict these pullback areas. Look at the Support boxes and see how they line up to each other! This is the pullback area and these areas are easier to see on a line chart.
Some traders will say ignore the pullbacks and keep the long on the daily chart but then some people will short the pullback and even hedge the pullback!
So Short to the next support area and then go long again!
Happy Trading!!!!
Now Let's Go GET IT!!!!!
Some traders will say ignore the pullbacks and keep the long on the daily chart but then some people will short the pullback and even hedge the pullback!
So Short to the next support area and then go long again!
Happy Trading!!!!
Now Let's Go GET IT!!!!!
Price pulled back to the exact point of my trend line and then moved up again. We were able to catch 25 pips on the move down and we are in profit on the move up!