persistent_edge

Knowing when a consolidation is a good pullback to trade

Education
FX:AUDCAD   Australian Dollar/Canadian Dollar
Sometimes a 'pullback' is actually price rejection from an area and there are ways you can filter out the ones that are likely to mean revert that bit harder. When you are looking a pullback setup in a market, you don't want to see areas of S/R forming and getting broken in the direction against where you want to trade. You either don't trade or wait until price is 'moving' - moving meaning breaking levels in your trade direction again.

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