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
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Waiting for Daily Candle to close above 2000 for entry.
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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
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Entered the trade.
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Moving as expected. Trailing SL moved to 1900 (Daily Closing basis)
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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.