1) First candle spiked up and the second made DH. Price fell down thereafter slowly, until halted by BOF of PDC. As it is DL at that time, waited till a clear swing high is formed. Placed a buy order above this, but soon, price went below IRL. So, cancelled the order. By now, it was clear a BW is being spun aroundthe confluence of IRL/ RN.
2) Subsequent BOF of PDC was a good signal.Again entered a Long order above the clear swing high. It was not filled.
3) PDC got broken. Entered BPB Short order below the RL. There was good fluidity upto PDL. Waited for 3 candles. The order was not filled.Was thinking that critical mass which may be short can exit at any time, at weekend triggering a rise. So cancelled the order in the absence of strong momentum. Got it right on this occasion. Price made a slightly lower low and retraced quickly.
Was a choppy day throughout. No trades for the day.
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