Based on the chart, a major resistance level is broken and price has made a pull back on the support area (which acts as resistance before) and after re-testing this support area for two times, now a bullish trend can be considered.
For having a better risk/reward ratio, buying on dips can be a good choice.
Note: Please take risk management rules into consideration before opening any trading position.
Good luck!
For having a better risk/reward ratio, buying on dips can be a good choice.
Note: Please take risk management rules into consideration before opening any trading position.
Good luck!