Market
Commentary
9:22 AM: Gap down
below PDL/BRN and sharp 40 points fall in 1st 3 candles. As price in
sell zone, look to attempt short trade as BOF of RH or BPB of RL.
9:41 AM: 9485 is
earlier low and 9490 is day’s high, look for rejection of prices from this zone
10:25 AM:
9490-58 is the range, will look for PA at DH/RH
11:17 AM: PP kind
of setup emerging, A BO can be attempted. But price staying below PDL makes
this counter trend. Also, there is no BOF at other end. Will attempt long if
BPB pattern forms.
12:30 PM: Trade 1 – BOF of RH short at 9486 with
Initial SL 9497, FTA 9475 (consolidation low before BO is 11 points away). Will
look to scratch if didn’t break FTA.
13:10 PM: Exited
with loss of 13 points
14:15 PM: Now
price ranging between 9475-9500 and gave BOF of RL signal. But avoiding trades
here as bias is still down and already took a hit. Will see if any low risk
signal comes at DH/BRN.
14:43 PM: Trade 2 – BPB of DH/BRN long at 9505
with Initial SL 9496, FTA PDL 10 points away. Will scratch if PDL resists.
Expecting short covering due to weekend and BOF of RL at other end giving
confidence to attempt.
14:50 PM: Exited
with loss of 11 points. Bad Day, done for today.
Points earned: -24
