Pullback Trading Strategy
Everyone has heard the old cliché, “The trend is your friend until it ends. This is what Pullback trading strategy is all about. A pullback simply represents any price movement that is against the prevailing trend. If the trends for the asset is downtrend, you want to trade on the Uptrend. See chart below
And if the Trends for the asset is on Uptrend you are looking for small dips, during the rise. Se chart below.
When you are using this trend is very important that you also use now the resistance level on the assets, as we described in the section “Breakout Trading”.