1. Good exists at 34700-800.
2. Strongest Resistance at 35000 .
1. 34000 is Strongest .
2. Good Support at 34300.
3. 34500 is a good Support.
More Sideways below 34500 to 34700, if market opens below 34700
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
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Please correct me
Your Trade setup was correct but figures are wrong:
1. Bullish Engulfing Candle formed at 12.20 and most important at Support of 34300.
2. Entry Point : After completion of Engulfing candle at 34349/34350.
3. Stop Loss : Low of Engulfing + 5 points of buffer i.e 34290.... 60 pts ..
4. Target : 34350 + 60 = 34410 considering 1: 1 RR.
You are learning with good pace ...
What do you think .. trading without indicator is simple or with indicator would be simple ?
You can go for bigger RR ratio but with trailing stop loss.
The problem with back testing of these services signals especially to me is, I start predicting with successive candles or some times I may wrongly predict with pre-occupied views, that is the reason I have started to follow the live market which doesn't allow me to imagine or predict what would be the next move, it simply narrows my analysis to the current formation of the chart and focus on live signals
I don't know other people do their back testing but I failed to analyse due to competeness of the chart