Possible scenario from your demo forex trader on HDFC Bank.
Jubilant food: If price breaks the daily long structure then enter on the pullback
Everyone's buying nifty, guess who is selling? Big players coming in.. Gonna crash baby
Nifty is going to get creampied... Note the date.
Price went all time high & came down a bit, if you are planning to buy tomorrow when the market opens at this price, you need to ask yourself this question:- 'Who is buying this stock at this high price?' There are two zones to buy, look for price action there. The price could even break the high & form a new structure.
Stop looking at the charts as a retail trader & look where the big money is located. Price doesn't stop because of support or resistance, Big banks don't care about your support & resistance, head & shoulders pattern, trend lines, cup & handle and all that bullshit.
USDZAR, wait for the price to come to the zone, its a sell!!
About me:- Your scammer demo forex guru is back!! I lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his...
About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his...
About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his...