The market is range-bound today. Since the market is in an uptrend, selling puts is one of the worst things that can be done.
I think I can go long and wait till BNF hits 47100 with SL being 46800. The trade is a bit risky, however.
I think I can go long and wait till BNF hits 47100 with SL being 46800. The trade is a bit risky, however.
Trade active:
I've made longs at 46900. By the time I posted, half the target had been reached. Will add more during retracement.
Comment:
Trailing SL to 46915
Comment:
47000 is a very good resistance. However, it was already taken out in the morning. Since we do not have any historical data to verify, I will trail SL to get at least some profit from the trades.
Trade closed manually:
Booked half at 46980
Trade closed: target reached:
Booked full at 47000
Comment:
Buying momentum can be seen decreasing