Market
Commentary
9:58 AM: IRL 9843 also PDL, IRH 9523 also
the level acted as flip yesterday. IR is coinciding with yesterday’s closing
range i.e. swing high above/below PDC
As price is with PDH/PDL zone, look to trade
range extremes. Will look for PA when price reach IRH/IRL.
10:01 AM: Removed 9600 as DP, as I see 2
swing points either side and IR looks more prominent in taking trade decisions.
13:55 PM: Price broke DL/PDL, but failed to
sustain and trading above PDL (adjust PDL to 9480)
14:07 PM: Trade 1 – BOF of PDL long at 9487 with Initial SL 9477, FTA BRN 12
points away. will move SL close to cost if price reversed from BRN swiftly.
14:23 PM: Moved SL to 8485, near to cost.
As price struggling to sustain above BRN
14:48 PM: Moved SL to 9487, price unable to
cross BRN
14:55 PM: Exited with loss of 2 points
Points earned: -2
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