As described on chart, yestereay's resistance was utitlised for entry which turned into the support to give a target of 14150. Overall points earned were 350 aproximately.
BTCUSD, seems to have rejected from daily resistance zone and expecting to hit lower daily support.
As the event is approaching holding no positions.
As described in chart drawing, will wait for next price action to conclude my direction of trading.
Assumption of holding a earlier support zone went wrong as per last post published. Will have to review the structure more carefully.
Daily support zone seems to be a critical support zone to resume uptrend.
After bouncing from daily support zone, Gold has managed to maintain its up trend. Considering this its likely that god will hit 1913 levels soon.
Considering the retracement to a support after result and also its patterns, if the support is respected as shown in green box, Reliance likely to begin its journey towards new life time high.
As the week ended for Nifty, we can see the range distribution in daily charts. If the mid zone is tempered with we can see lower support. And if mid zone is protected, we can see some range bound activities.
To answer a specific query about liquidity areas, I have selected Nifty Future Charts and a trading view tool know as Fix Range Volume profile. To my analytical style this tool is used properly gives me fairly accurate locations of high liquidity areas. I hope chart drawing shows well the way patterns / waves / zig zag are formed in search of liquidity.
As described in chart drawing, after hitting SL in long, short trade did gave a decent target. But, Long trade is a concern as of now as it gave SL. Will analyze what went wrong in long trade.
As described in chart drawing. I had SL hit in Long trade today.
As disclosed in chart drawing, todays was high volatile structure base on yesterday candle. So, tomorrow's price actions will give more clues.
As per daily candle analysis published, and having a hypothesis to go long. After trend confirmation as shown in chart drawing, could mange to get 1:11 Risk reward long trade.
As described in chart drawing.