Pull back is a long section. There are many ways to play pull backs. In our case, we will show how a pull back play we do on an Alpha Candle.
We draw a mid line for the Alpha Candle. If the pullback stays there as a support area we get into the trade on the first green candle. Stop loss is the same as the Alpha Candle stop loss area. You could also try a tighter stop loss for a bigger risk / reward ratio.