As mentioned in yesterday's post the making of ascending triangle failed, since instead of breakout today on hourly chart at 10 AM it broken down the support line and what a great fall after that.
That is why trading is called as game of probability i.e. you should always think of other possibility also and ready to take the opportunity.
NOTE :- These post's are for informative purpose for those who are trying to learn technical analysis and also to refresh our knowledge.
At present according to our improved strategy we are still in buy (long) position.
CAUTION : LARGER TIME FRAME IS STILL DOWN
DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.
That is why trading is called as game of probability i.e. you should always think of other possibility also and ready to take the opportunity.
NOTE :- These post's are for informative purpose for those who are trying to learn technical analysis and also to refresh our knowledge.
At present according to our improved strategy we are still in buy (long) position.
CAUTION : LARGER TIME FRAME IS STILL DOWN
DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.
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