Buy After a Pullback to Support

Student’s Comments:

Daily EUR/USD chart. Saw the uptrend. Drew the support and resistance lines. Then looked at a 30 mins chart. Placed an Entry order at 1.4758. Hopefully it touches the support for the third time by then. Otherwise i will have to keep a watch till it touches the support for a third time. Then put a Stop order at 1.4706 and a Limit order at 1.4958. Whats your opinion?

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