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Forex pullback strategy

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forex pullback strategy

Author Tarantula Category Trading Articles 11 Jun Updated at Hello traders, my name is Nenad Kerkez aka Tarantula. Wedges, flags, pennants, rectangles, all classical price action patterns. Then we see if there is a breakout of the pattern. After breakout occurs we wait for the pullback towards trendline of the pattern. If the price continues in the breakout direction we take the trade 1 pip above the breakout candle. The pattern is called BPC- breakout, pullback, continuation. If we trade the trendline then we call it retest-continuation. I usually use it on H1 timeframe as it is optimal timeframe for intraday trading. When the price pattern is spotted, I switch to 15m timeframe and watch for BPC or Retest-Continuation. Same as Long we just trade it short. Being a pure price action trading strategy this is one of the finest strategies in Forex History. The only downside is sometimes high stop loss. Short trade, trendline retest SETUP CHART Trigger chart: In this example we can also see BPC pattern of last low retest after the trendline retest. Major market moving events for 35th week of about 1 year Meet the Winners of Spread FX! Major market moving events for 33rd week of about 1 year Meet the Winners of Ask FX! Major market moving events for 32nd week of about 1 year ForexBall Education: Major market moving events for 31st week of about 1 year New round starts in less than 2 hours! Major market moving events for 30th week of about 1 year Third Special Round is almost here. Reserve your spot for next event! Major market moving events for 29th week of about 1 year Updated bonuses for participators of Third Special Round! Major market moving events for current week about 1 year Join Third special round! 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Pull Back Swing Trading Strategy I The Only Way To Trade Stocks and E-Mini Retracement.

Pull Back Swing Trading Strategy I The Only Way To Trade Stocks and E-Mini Retracement. forex pullback strategy

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