Continuing our old trade of Castrol Swing bet but we are facing the upper channel of the consolidation level.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Link of past trade =
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Link of past trade =
Comment:
This is looking like mean reversion can happen but we are in slight profit. I am closing it. You can short 160 CE if you are holding future for positional.
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