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Why do we Buy Pullback and Sell Retracements for the best trading opportunties?
This is a very common question in our live trade room;
why do we wait patiently to buy pullbacks and sell retracements?
The answer is quite simple, there are 4 main reasons:
1. When buying pullbacks, you will enter at the lowest point before a price reversal occurs
2. When buying pullbacks, you will have better liquidity because other trades are selling
3. When buying pullbacks, you can use the smallest stop-loss, and the largest profit target
4. When buying pullbacks, we do not need to predict because we already have proof the buyers are in control of the price action.