ICICI bank liquidity grab & failed BOS
ICICI Bank tried to break structure but couldn't close above it hence giving a failed BOS. The candle that created the failed BOS has a big upper shadow further indicating a liquidity grab. Therefore, shorts can be taken with today's high as SL & target at friday's low & even lower.
Trade closed: stop reached
It tried to go down in the morning but & played with the BOS line which it ultimately closed above changing the view from bearish to neutral/slightly bullish. I have not turned a complete bull because in order to establish a proper bull trend it needs to give minimum 2 BOS thereby forming a HH & HL pattern.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.