1)Out side gap up.Big upper tails on 1st and 2nd candles indicated selling pressure. Hence didn't go long. Was right.
2)Price fell down quickly. Could have shorted below RN. The strong pullback candle and the consolidation bar of the closing session of yesterday were reasons for hesitation. Fall continued till the price got supported just ahead of BRN Spot. Price climbed up quickly. Could not have gained much, even if this signal was taken.
3)Consolidation High was too close to PDH. After the CH was tested, placed the order, hoping that PP will take the price above PDH, triggering the stops there. But price could not break PDH. Second attempt to take the price above PDH failed, confirming the absence of order accumulation. When price failed to spike up, exited quickly. -1 point.
4) Thereafter, price movement was choppy. Hence didn't take any other trade.
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