How to approach this situation?
Do we go short as price came down from Open 8121 to 8096 and then book SL?
OR
Do we go long while price coming down and hitting 8097 with SL 8070?
How to approach this situation?
Do we go short as price came down from Open 8121 to 8096 and then book SL?
OR
Do we go long while price coming down and hitting 8097 with SL 8070?
bro.....since it came down from up, so short inititaed at 8097 with sl 8124 with hit eventually so we reveresed with SL 8097 which hit but didnt sustain even for 2 sec so we hold and finally tgt hit.........
bro.....since it came down from up, so short inititaed at 8097 with sl 8124 with hit eventually so we reveresed with SL 8097 which hit but didnt sustain even for 2 sec so we hold and finally tgt hit.........
long which happened at 8124 had a SL of 8097 which hit for a sec only but mkt rebounded from there and ultimately 8167 hit......... please note that after SL hit....... reverse trade has 8ema as SL and 70 points tgt from 8ema
this trade does not yield 70 points in actual but sufficient to cover last trade SL... next trade will give 70.....:thumb: