Market Commentary:
- Gap up of 40 points.. IR 7690 - 7671
- Waiting for price action around IRH.. BPB/BOF
- BOF happened at IRL.. missed to buy here as i was away
- Looking to Attempt direct BO below LOD .. Those who bought BOF of IRL may have Stops below s LOD.. also fresh short order may get placed.. FTA is 7650
- BO of LOD trade didn't move as expected, exited .
- Will wait for price action at PDH or HOD now
- Attempted BOF of IRL long.. momentum above day high only
- Another BOF .. i wait for swing low to be formed.. will short below swing low, if failed to stay above IRH again
- Swing low is at 7684.. SL 8 points,, avoiding short, if swing low broke now
- Will see how price react at 7700
- NF zoomed above 7700.. stalled near 7720.. NS 7700
- Price settling in zone of 7700-7720.
- Done for today
Trade1: (12:08 candle)
Short at 7666, as BO of LOD.. with initial SL 7674
Exited trade at 7672, as BO didn't move as expected
Trade2: (13:02 candle)
Long at 7674, as BOF of IRL.. with initial SL 7669
Moved SL to 7674, below pull back low
Moved SL to 7680, below low of IRH BO candle
Trail SL hit; exited trade with gain of 4 pointsPoints earned : -4
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