This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup.
So today BNF Opened gap up and unable to sustain the gap again as happening from last week and keep in consolidation. From price action this is forming a ascending triangle and price is moving in wave as plotted in chart. Today BNF Took Support near lower trendline and for tomorrow setup i will keep these things in mind:
1.) Price is moving in wave which might move up from this level to the upper ATH level. If opens flat and price sustains i will initiate CE Buy trade.
2.) If opens gap down or doesn't sustain the opening 15 minutes i will Take PE Buy for Next near Support (43730-43700).
3.) If Opens gap up between this triangle i will wait for price action to form and then trade accordingly.
Also on Break of this Pattern on either side will be a good move. so will try to have some patience and will not buy aggressively. also will stop loss less than 35 points as if there will be good move even 35 points stop loss doesn't trigger as it does in sideways when there is price manipulation.
Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
So today BNF Opened gap up and unable to sustain the gap again as happening from last week and keep in consolidation. From price action this is forming a ascending triangle and price is moving in wave as plotted in chart. Today BNF Took Support near lower trendline and for tomorrow setup i will keep these things in mind:
1.) Price is moving in wave which might move up from this level to the upper ATH level. If opens flat and price sustains i will initiate CE Buy trade.
2.) If opens gap down or doesn't sustain the opening 15 minutes i will Take PE Buy for Next near Support (43730-43700).
3.) If Opens gap up between this triangle i will wait for price action to form and then trade accordingly.
Also on Break of this Pattern on either side will be a good move. so will try to have some patience and will not buy aggressively. also will stop loss less than 35 points as if there will be good move even 35 points stop loss doesn't trigger as it does in sideways when there is price manipulation.
Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.