The Untold Secrets of Pullbacks in Forex Trading| Complete Guide to Pullback Trading

I will tell my secret technique of trading pullbacks and not only that, but I am also going to share my secret technique to identify between pullback and reversal so that you don't fall for the pullback trap so make sure you watch this video till the end.

00:00 - Introduction to Pullbacks
01:07 - What is Pullbacks in Forex Trading
02:35 - Why Pullbacks occurs in Forex Trading
04:04 - Common Questions about Pullbacks
05:04 - Secrets of trading pullbacks
05:26 - Different Types of pullback in forex Trading
11:46 - How to trade pullback in forex trading
20:54 - how to identify pullbacks and reversals

Now before revealing the secret of trading pullbacks I want you to first understand what is a breakout and how is it formed.

And this is the most important part because you cannot trade pullbacks in a better way if you don't understand it first.

So, let's first understand what are pullbacks, how is it formed, and then I will tell you about my secret technique that will change the way you trade pullbacks.

So, what are pullbacks?

When the price is in a trend, it will never move up or down in a

straight line all the time. There will be instances where it moves

away from the trend.

If you open any price chart of any currency pair and observe trends,

you will see that price often moves along the trend and has a minor

move against the trend from time to time.

This minor price movement against the trend is what we know as

pullbacks.

By the way, if you are enjoying this video, make sure you hit the like button.

So why do these pullbacks occur?

When a price is moving in an uptrend it means that the buyers are

outweighing the sellers and they are heavily buying and taking the

price higher.

If the price is in a downtrend, then sellers are in control and are

actively selling and driving the price down.

This activity of actively buying or selling cannot keep going on all the

time.

There are times where buyers or sellers get exhausted and it seems

like they are taking some rest.

In the meanwhile, the opposite market participants look to gain

control and try to drive prices in the opposite direction.

This is when the prevailing trend participants resume their activity

and now the price is available at a discount to them.

This further intensifies their activity and the price resumes in its

prevailing trend.

But before we move to that, here is a really important thing I need to talk about.

I have always been asked a lot about trading pullbacks and riding trends.

And there are some most common questions which I always get and you may have it too.

Like, how to know when the pullbacks will end, or where to put the stop loss. and also do you need to wait for the confirmation to enter into a trade?

I totally understand how you feel, what your questions are and I know Many traders have a lot of trouble trading pullbacks and they get frustrated from losing and finally give up on it.

They don't succeed because they do not know this small secret that I am about to reveal.

This small secret is simple yet very powerful and will solve the majority of your problems related to pullback trading so make sure you pay attention to this.

The secret is Classifying pullbacks into different types.

To solve all the problems associated with pullback trading I developed a technique and in that technique what I did is divided pullbacks into three different types and used three different ways to trade each one.

The three different types of a pullback are Type I, Type II, and Type III pullbacks.

Type I being the small pullback, type II is the medium pullback and type III is the deeper pullback.

Let us try to understand each one and then I will tell you the ways to trade each one of them.

Now that you know about the three types of pullbacks let us quickly go to the chart, where I will tell you how to trade each one of them.

Now, here we are at the most important part, my secret technique of identifying between pullback and reversal so that you don't fall for pullback traps.

Lets quickly go to the chart to understand this.

hope you enjoyed this video, if you did make sure you hit that like button and if you have any doubts let me know in the comment section below.

Forex Monopoly- https://forexmonopoly.com

The Secrets of Pullback Trading: https://forexmonopoly.com/blog/the-se...


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