How to Trade High Confluence Pullbacks Like a Pro

Trade situations like this one are not very rare to find in the market. When you do find a situation like this, the odds weigh heavily in your favor. When price breaks a strong resistance level and pulls back there is always a very good chance that there are a lot of pending buy orders sitting at the zone. When you can combine this with more confluence factors like a support trendline, rejection of a key Fibonacci level and an osscilator at extremities, you can trade with a lot of confidence. But always respect your risk management as not every trade you take will be a home run.