First candle was a huge pinbar denoting BRN/PDH BOF. On the
lower side, IRL, PDC and RN Spot (6050) were very closely located. Thought of
shorting on the breach of PDC, didn’t, as the space with RN Spot(6050) was
hardly 11 points. Should have taken up this.
Shorted on the BOF of IRL/PDC. Scratched with just 4 points.
Didn’t take any other trade, as the price was moving in a very tight range. Waited
for the price to come out of the narrow range in vain. Chart looked like a BW (around PDC) and Cigarette, rolled into one. Strong CT BOF noticed at the end of the day. Skipped
it for good . CT BOF towards the end of the day are most probably failures. Will do well by skipping them.
Today RN Spot (6050) proved to be an important DP and succesfully supported the price till the end of the day.
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