Looks like Ascending triangle is formed in MRF on 1 hr/1 D time frame.
going Long in SEP Future, and selling 90000 CE.
Risk reward ratio is 6.6,
Volume is not so good, But the R/R ratio is good. So entered the trade.
SL - 80890.
going Long in SEP Future, and selling 90000 CE.
Risk reward ratio is 6.6,
Volume is not so good, But the R/R ratio is good. So entered the trade.
SL - 80890.
Trade active
Went almost till 80907, but didn't trigger SL. Will see tomorrow, how this trade will go..Trade closed: stop reached
It's a false breakout. Sold 85000 CE to adjust the loss incurred.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.