Market Commentary:
- DO below PDC and closing range.
- IR : 7687 - 7670
- Initial bias looks down.. will wait for range to form.. look for selling range high
- Will wait for price to reach PDC/BRN.. yesterday closing range high is 7710
- NF hovering around PDC/BRN now.. pivot low made at 7695.. BPB short can be attempted below this level.. if price did not sustain above 7710.
- Recent day low’s are in zone of 7645-55.. possibility of bounce there.
- Exited short on trail SL
- There is BOF of LOD buy opportunity, avoided it. will see if BPB long comes above PDL/PDC.
- After 2 hours of narrow range.. NF broke above PDL
- Went long above BRN as BPB
- Strong rejection from PDH
- Exited on trail SL.. done for today.
Trade1: (10:32 candle)
Short at 7694, as BOF of BRN.. below pivot, with initial SL 7702
Moved SL to 7688, high made before breaking PDL
Moved SL to 7681, high of LOD BO candle
Moved SL to 7675, as 2nd push below LOD failed
Trail SL hit; exited trade with gain of 17 points
Trade2: (13:56 candle)
Long at 7706, as BPB of BRN.. with initial SL 7698
Moved SL to 7708, break even
Moved SL to 7713, below complex pull back low
Trail SL hit; exited trade with gain of 5 points.
Points earned : +22
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