Description
⋅ Support and Resistance trade leading to a low-risk high gain trade opportunity. Bought Nov futures at 506.1 with stop loss at 496.9
This can be called as catching the falling knife. You may want to wait till the fall is complete i.e a green candle is formed.
Comment
⋅ It went down to scare like hell but it didn't manage to hold the stop-loss levels on a closing basis and instead made pin bar formation.
Comment
⋅ Hold on. It is not hitting SL on closing basis yet.
Comment
⋅ Still Hold. It is not going to hit SL today for sure too.
Comment
⋅ We may need to close this today with a loss. Waiting for closing basis.
Comment
⋅ Stoploss triggered.