Rose, There was a PDC, Which might act as a support..There was a possibility that after hitting the PDC it could have broke BRN.. But on what confident u took the trade by neglecting the above scenarios.. Prabakaran
Generally i wait for confirmation.. after price not sustaining above PDH and formed BOF pattern.. i waited for swing low formation and PB till PDH and then placed limit order.
Rose, There was a PDC, Which might act as a support..There was a possibility that after hitting the PDC it could have broke BRN.. But on what confident u took the trade by neglecting the above scenarios..
ReplyDeletePrabakaran
Prabhakaran,
DeleteSwing low formed after BOF of PDH is just below PDC line.. i took chance seeing risk with in limit and BRN is 30 points away. enough space to manage
Thanks Rose
DeleteHi
ReplyDeleteDont you think BOF of PDH was a bit late to take?
Anand,
DeleteGenerally i wait for confirmation.. after price not sustaining above PDH and formed BOF pattern.. i waited for swing low formation and PB till PDH and then placed limit order.