Considering the possible formation of BAT patter or it could be CRAB pattern also with a belief that recently low wont be taken out, we can all consider our next target to be 33200 as shown and then there will be fall to complete 5 leg pattern.
The belief that recent low wont be taken out cannot be on psychological terms, there should be a reason for that and the...
BOOK PROFIT IN BANKNIFTY SHORT POSITION AS IT IS NEAR REVERSAL ZONE.
GREAT PROFIT GUYS
TODAY'S PREMIUM GROUP TRADES
BOUGHT BANNIFTY 31600 PE @ 340 BOOKED PROFIT @ 380 SL WAS 320
AGAIN WE RENTERED THE SAME 31600 PE @ 340 BOOKED PROFIT @ 400 SL WAS 310 INITIALLY THEN WE TRAILED THE SL TO 330 .
LOOK THE POWER OF RR
IN THE FIRST TRADE WE RISKED 5% AND BOOKED 11%
IN...
This is not a financial advice, only meant for educational purposes.
This the tecnhnical outlook of AUDUSD for the week, IF the set-up realises we will be looking to make a short entry at the order block level. Make confirmation before entry either with indicator or candle stick patterns. Also correlation with other USD pairs.
