1. Bullish Engulfing on Weekly TF.
2. Made Higher Low around 1700 levels.
3. Doji followed up with Bullish candle (where Open = Low).
4. a. Very good Risk to Reward (about 1:3) in short term.
b. Risk: Reward - 1:5 in longer time frame
2. Made Higher Low around 1700 levels.
3. Doji followed up with Bullish candle (where Open = Low).
4. a. Very good Risk to Reward (about 1:3) in short term.
b. Risk: Reward - 1:5 in longer time frame
Comment:
Waiting for Daily Candle to close above 2000 for entry.
Comment:
Made a High above 2050. But came back swiftly below 2000. Again, Its a really good setup. Need a proper breakout for Entry with better conviction.
Trade active:
Entered the trade.
Comment:
Moving as expected. Trailing SL moved to 1900 (Daily Closing basis)
Comment:
Not moving as expected.. Buyers very weak here.
Price trading near trailing SL -- 1900.
Close below 1900, will close the trade with a minor loss.
Price trading near trailing SL -- 1900.
Close below 1900, will close the trade with a minor loss.
Trade closed: stop reached