This setup is only for Aggressive Traders, if you are conservative trader please stay away.
Enter only on valid Break of , use stops wisely
Remember if we short now, we are standing in midst of Bull stampede .
Nothing Scary,Never Fear just Trade the Plan !
The above wordings deserve a repeat bcos of highly risky trade setup. Now two scenario's possible :
Scenario 1 : Break of ... Go Short with proper stops
Scenario 2 : Retest of , Initiate long positions with stops mentioned in chart
Whatever scenario happens, check your tradeplan before initiating trade.
We are standing against Bull Stampede to tame Bulls ( Nifty Short positions) but we can just run along with Bulls on Retest ( Nifty Long positions)