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Market price never moves in a straight line, it continuously cycles up and down. Each time the price moves lower, buyers come into the market to purchase an asset as the price becomes cheaper. On the other hand, when the price moves higher, sellers start to close their positions as they take profit. The first pullback strategy capitalises on a retracement (or a pullback) on an instrument in a trend. This strategy is popular among traders because it aims to enter a trending market at a better price point. In this video, Alison describes step-by-step how to identify trends and pullbacks, how to find entry signals, when to enter the trade, how to manage your risk, and how to monitor your trade. Check out these videos: Placing Smarter Stops: • Step-by-step: How to place stop-losses to ... Mastering the Risk Reward Ratio: • Mastering the Risk Reward Ratio in Forex ... 🔔 Don't forget to subscribe and hit the notification button 🔔 to gain access to exclusive insights on risk management, risk-reward ratios, and stop-loss strategies. Join us on our journey to 1000 subscribers for specialised content! Join the Discussion Share your trading experience and engage with the trading community in the comment section below to enrich your trading knowledge. -------------------------------------------------------------------- TIMESTAMPS 0:00 Introduction 0:14 When do traders buy and sell? 0:26 What is the first pullback strategy? 0:38 What is a pullback? 1:10 Identify the trend 1:20 Using price action 1:35 Using moving averages 1:55 Using crossovers 2:19 Draw trendlines 2:32 Technical indicators 3:00 Pullbacks 3:25 Pullback support and resistance 3:57 Look for your entry signal 4:19 Find your entry point 4:42 Manage your risk 5:03 Risk and reward 5:18 Manage your trade 5:36 Thanks for watching Join us on our social media channels: FxScouts on Facebook: https://t.ly/CAjgH FxScouts on Instagram: / fxscouts FxScouts on LinkedIn: / fxscouts https://fxscouts.com/ DISCLAIMER: 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and whether you can afford the high risk of losing money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.