27.11.2017_Nifty Future_Dec 2017
Price opened within
previous day range near PDL. First was High range bearish bar and setup a
Opening range. Prices moved within the range with barbiwire structure till 1300
hrs. At 1300 hrs prices tried to BO the ORL but fails. It generated a Long
Entry, but with Low probabilities bcos of two reasons:
- BOF was not clear as prices did not closed below the DP on BOF Master Bar.
- Prices were within the Range since long time with Barbe Wire structure.
- Also PDL was just above the Entry Level
If prices
successfully BO from the ORH than the Traders who were acting within the Barbe
wire structure will be forced to exit and there will be a price shoot to next
DP i.e. PDH.
An BPB entry
generated on successful BO of ORH which goes well till next DP i.e PDH
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