Are you wondering exactly when to jump into the trend ⁉️
If so, this “Pullback Factor” indicator 📉 is perfect for trading with the current trend. It measures when to expect retracements to cease and when to anticipate price to continue making new highs or lows.
Here is 3 simple rules you can steal, and put them to work for you… immediately ✨:
👉 Step 1: You need to trade with the trend. To identify the trend, use 20-day moving average and 50-day moving average.
👉 Step 2: If the trend is up, enter a long trade when the Pullback Factor peaks at a level above 1.5. Conversely, if the trend is down, enter a short trade when the Pullback Factor peaks at a level above 1.5.
👉 Step 3: Set your stop loss at the nearest support or resistance level. And your profit target would be two times (or three times) your stop. Don’t forget to subscribe and ding that notification bell, so you don’t miss the newest videos from us‼️
📌 Check out all the details of this indicator here…
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