When trying to take advantage of the swing in an uptrend, buying or adding to a position in a breakout pullback is a breakeven stop loss that the market is trying to sweep away the long positions that entered the market earlier.
When trying to take advantage of the swing in a downtrend, selling short or adding to a position during a breakout pullback is a breakeven stop loss that the market is trying to sweep away the short positions that entered earlier.thanks
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When trying to take advantage of the swing in an uptrend, buying or adding to a position in a breakout pullback is a breakeven stop loss that the market is trying to sweep away the long positions that entered the market earlier.
When trying to take advantage of the swing in a downtrend, selling short or adding to a position during a breakout pullback is a breakeven stop loss that the market is trying to sweep away the short positions that entered earlier.thanks