Types of Long Entries – Breakouts & Pullbacks

Have you ever heard the following expressions in trading? 1. Buy a dip 2. Buy high, sell higher Both of these are different ways for a trader to enter the markets they are trading that are trending higher. These entries can be used in any market, but certain types of entries will work better in the Forex markets due to the 24-hour trading session. Each type of entry has a set of rules including a method for entry, a first profit target, and a stop loss. Let's examine both of these strategies