Using this strategy day-trader waits for second morning dip and then sets up an order bracket. The trade should be left later into the session for full daily move realization.
- Direction of the trade is counter the first move of the day (i.e. instrument goes down, then is traded as long).
- Second drop confirms reversal, ideally should be lower or same level.
- If opening is confused (unclear motion or noisy opening) instrument is skipped.
- Clearly any global levels around entry price amplify trade potential.
