4 Hour ORDER BLOCK POI on the SUPPLY ZONE,and inside that there is a 1MIN ORDER BLOCK POI. After confirmation on PRICE ACTION I can have a good selling OPPORTUNITY. TIP- SL ABOVE 1MIN ORDERBLOCK. Small risk huge reward is the PROBABILITY. I use MOVING AVERAGES Confirmation(OLIVER VELEZ STUDY) near the 1 MIN ORDER BLOCK.
Nifty is on the merge of breaking the strong bull channel. If it fails, any reversal bar on the hourly time frame, near the channel line gives us nice opportunity to short. But be careful, as there is a strong bull spike, shorting a low 2 entry will be a high probability trade.
I guess the micro bullish channel in hourly chart is intact, and on daily chart it bounced up from the bottom of the trading range. The test to the top of the trading range will be the first target.
