Long Dixon at the bullish movement. Both entry points have been shown. Trade as per risk to reward.
Scenario 1 - Can take an aggressive entry if a good setup is seen in the lower time frame? Pros- Can catch the bullish move at Breakout? Cons- Can BO be failed?
Scenario 2. Can take a pull-back entry if a good setup is seen above the support area? Pros- Can be a nice entry point with good to-risk reward? Cons- Can the price never reach the support area?
Please read carefully the above points & make your strategy accordingly. These types of plans are essential to catch a good move. The pro trader has kept all types of strategies as per the market conditions.
This is for your educational purpose only.
Scenario 1 - Can take an aggressive entry if a good setup is seen in the lower time frame? Pros- Can catch the bullish move at Breakout? Cons- Can BO be failed?
Scenario 2. Can take a pull-back entry if a good setup is seen above the support area? Pros- Can be a nice entry point with good to-risk reward? Cons- Can the price never reach the support area?
Please read carefully the above points & make your strategy accordingly. These types of plans are essential to catch a good move. The pro trader has kept all types of strategies as per the market conditions.
This is for your educational purpose only.