1) Was in a very narrow
range for a long time. Strong LOL BOF of IRL/PDH at Noon. Didn’t take it as the
space between the possible point of entry and FTA was hardly 7 points.
2)LOL BOF failed to break
IRH, indicating that IRL may get broken anytime. After another mild BOF at IRL,
price spiked above IRH and soon reversed to IRL, suggesting the absence of
significant imbalance between buyers and sellers.
3) This was followed by
price consolidating just below IRH, suggesting order accuumulation above IRH,
which is a high fluidity zone. As the price has been moving in a very narrow range
for more than 5 hours, any BO into the
fluidity should be a good move.
Good BO soon followed and
those who had taken this trade could have made around 25 points. Skipped this
trade in line with the policy of avoiding direct BO trades, till consistent
wins are achieved.
So no trades for the day.
