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Today Economic Calendar GMT
Low volatility expected for the market

📖 Pullback vs breakout: your entry strategy

Understanding entry points is fundamental for a disciplined trader, not a gambler. There are two primary types of entries often discussed: the breakout and the pullback

Breakout Entry:
🔵 Price aggressively breaks through a significant support or resistance level with conviction

🔵 Traders enter immediately after the breach, hoping for momentum continuation

🔵 This is an aggressive strategy that can yield fast results but carries higher risk due to false breakouts and quick reversals. Discipline in stop-loss is crucial

Pullback Entry:
🔵 Price first breaks through a level, then retreats to retest that same level from the other side

🔵 Traders wait for this retest and enter when the price bounces confirming the previous level as new support/resistance

🔵 It's a more conservative approach, offering higher confirmation and often a more favorable risk-to-reward setup by waiting for the level to hold

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Today Economic Calendar GMT
High volatility expected on AUD pairs

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