New week opened with 50 points outside gap down , followed by consolidation.
1) Did not take IRH BPB, as it was CT.
2)Shorted BOF of Range
High. TSL was hit. -4.5 points. In the hindsight, it is a Ciggaratte. BOF taken in a 10 point range with just 5 point space between entry and FTA. Must have been avoided.
3)Explosion after consolidation was on the higher side.
Could not change the bias, till price settled inside PDL. Could not find proper entry point for Long,
as PDC , RN and PDH were closely located. Missed the up move.
4)When price encountered PDH, it looked like price getting
easily accepted above the DP. Thought of
taking BPB Long here. Did not do
so, as I could remember on time that this level has been acting as a very strong resistance for quite some
time.
It looked like a very good BOF . As the order was not filled
till 3.00 PM, cancelled it.
