You didnt consider BOF on open of yesterdays lod and RN( 8550) ?
what price action features you look for when entering trades like the one in afternoon near lod ?
Regards
what price action features you look for when entering trades like the one in afternoon near lod ?
Regards
2) Reasons For Trade No. 3:
a) There was Layer over Layer support in this area.
i) Like Yesterday's Low of Day @ 8553.
ii) Today's LOD @ 8550
iii) Round Number @ 8550
iv) Yesterday's close @ 8557
v) Today's open @ 8552
b) Formation of Pin bar in this area also promoted confidence.
c) Now after entering the trade 1st minor resistance was at 8603. For a 15 point stoploss, I was playing for a (minimum) target of 22 points.
d) Again watch above there was fluid play. & imagine where would have short traders placed their SL orders (Above Big Round Number 8600 & above High of Day 8624).
RISK LENA TO BANTA THA YAAR!!!!!!!!!!