Analysis of Day: Today is considered as UP day.The strategy is to enter long on Pullback.
Entry Zone: It has been marked with Yellow.
Reason 1: Price near support.
Reason 2: Price consolidates above support.
Reason 3: Price breaks above 3 bar consolidation.
The Analysis of the day is also Up day, which is indicated by both market analysis and chart analysis.
I would traded by entering at entry zone and by placing Stop below the Opening bar. Which gives Low Risk, High Reward with High Probability trade. The trade would have been loosing trade, Still i don't bother and i will exit with small loss.
Conclusion:
Trading is not making profit from all the trades. Trading is about having a view on the market and entering based on the view, be prepared if we are wrong.
0 comments:
Post a Comment