Pullbacktrade
Long to 200 EMA
Although still in a downtrend (Below 200 EMA I classify as downtrend), a counter-trend move to test the 200 EMA is believe to be imminent.
Usually after divergences on a downtrend, there is a move up to the 200 EMA (a test).
Sometimes it will blow pass the 200 EMA (gap above it), sometimes it will get cold rejected.
With that in mind target 200 EMA.
If it breaks or blow pass the 200 EMA (Full uptrend then), there is usually a pullback test to the 200 EMA where one can re-enter long.
Best of luck. Info is in the charts.
Pullback Trade for JT
Missed the first pullback that tested the 200 ema.
Awaiting pullback for entry
Long Opportunity
QTT just came out of it's uptrend pullback.
At the start of trend continuation.
Opportunity currently exist for a couple points long.
EUR/USD: Swing-Setup! CHANCE to SELL the retracement!Hey tradomaniacs,
welcome to another free signal!
Important: Place a sell-stop @ entry or wait for the pullback after Breakout!
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Type: Swingtrade
Sell-Stop: 1.14356
Stop-Loss: 1.14685
Target 1: 1.14030
Target 2: 1.139
Target 3: 1.13771
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Peace and good trades
Irasor
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The secret of pull back tradeOne of the most common asked questions.
When price is creating higher high or when the resistance level is broken, what can I do? when and where should I enter?
The answer is very simple
Breakout (structure broken) > WAIT for pull back (to structure level) > BUY
As we can see from the chart on the left, when there's a breakout (structure broken / new high is created), do not chase or enter immediately. The secret of pull back trade is to WAIT for it to pull back. Be patient, patient is the key to success.
The rationale behind is before the breakout happen, the yellow structure is a resistance level. But when it's broken and new high is created, the resistance level will become support level. That is why we want to buy low (Support level) and sell high (Resistance level)
Good luck and happy trading!