Intraday Short trade: watch for trendline breakdown

20 февр. 2022 г.

short below 553 ( trendline breakdown) in Intraday
safe level is below 550 as 550 is also a psychological support

For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.

Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis

NOTE: For Gapdown or bd before 9:20

If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.