TradingView
embarrassedLoL
Feb 7, 2021 6:24 PM

Looking bullish on 1hr structure 

ASHOK LEYLANDNSE

Description

**this is purely for educational purpose**do it at your own risk**

1. Trending stock
2. good structure on 1hr TF
3. good amount of volume
4. a nice pullback
5. if RSI is not breaking 40 on 1hr TF level and price 128/130
6. if it’s a gap down and trend continues down, 125 should be the target on short side

Long:
Entry:130/125 (if gaped down)
Exit:
T1 - 133.5/130 (if gaped down)
T2 - 136.5
T3 - 137-140
SL: 128.5/123.6 (if 125 entry)

Short:
Entry: 128/9
Exit: 125 Long:
SL: 131.50

Long RR: 2-4
Short RR: 1.59 (not great one)
Comments
embarrassedLoL
Trade went well, opened gap up a little below our Target 1(T1 - 133.5) good sign, hit out 2nd target (136.5)
R/RW: 3+
More