#MarketPullback

Market pullbacks

Traders use moving averages to identify the direction of the trend They wait for the price to pull back to the moving average before entering a trade The strategy to identify opportunities differs in both uptrend and downtrend as follows

In an uptrend

1️⃣Traders look for price to pull back to the rising moving average

2️⃣This price is considered a potential buying opportunity

In a downtrend

1️⃣Traders look for price to pull back to the falling moving average

2️⃣This price is considered a potential selling opportunity

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