Understand Market Structure | Pullback Variations | SMC
Hello Family!
It is so important that we understand the fundamentals of market structure. One of this is what we refer to as the pullback phase or the corrective phase in the market.
We need to understand why the price is pulling back and how price action is formed will tell us a lot about this. Therefore, it is important to understand these different variations of the pullback phase and view them accordingly.
Yes it is all well and good to draw out your Supply & Demand zones along with any liquidity to be taken or liquidity to take etc... However, if you don't understand the basics of the pullback phase then there is a high chance of taking sub par trading set ups!
In this video we dive into the different forms of the pullback we can see and identify which one's are best to use and why they are best to use!
As always, keep it Simple and Systematic and you will be just fine ;)
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Disclaimer: Any information or analysis on here expresses my personal opinion only. Forex trading involves risk and is not suitable for all investors. Before deciding to invest in foreign exchange or another financial market, you should carefully consider your investment objectives and risk appetite. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action, and any trades you decide to place are your own.