RELIANCE 1D : Trading Inside Bar
RELIANCE 1D : Trading Inside Bar
Price is ranging between 1900 - 2050 for last 2 months
Last trade price opened gap up and made bullish inside-bar, staying positive, making a small green bar fully inside the upper wick for previous day's mother candle.
This offers a good probability for long trade with candle bottom at 1910 and top at 1935, for getting RR of 2.0+
Aggressive trader : Buy 50% qty at current price, add 50% qty after 1 trading session if price move in trade's direction.
Conservative trader: Buy 25% qty at current price, add 25% qty after price give pull-back near midpoint of last candle, add 50% after price move above 1st purchase in trade's direction.
LOSS EXIT:
Bottom of last candle
Inside Bar Candle:
The inside bar candle pattern is a simple, effective price action trading setup. The inside bar is a candle in which the body is fully contained by its preceding candle. The Inside Bar formation suggests that the market is pausing or consolidating. The bulls cannot create pressure for a higher high and the bears cannot create a lower low.
Price is ranging between 1900 - 2050 for last 2 months
Last trade price opened gap up and made bullish inside-bar, staying positive, making a small green bar fully inside the upper wick for previous day's mother candle.
This offers a good probability for long trade with candle bottom at 1910 and top at 1935, for getting RR of 2.0+
Aggressive trader : Buy 50% qty at current price, add 50% qty after 1 trading session if price move in trade's direction.
Conservative trader: Buy 25% qty at current price, add 25% qty after price give pull-back near midpoint of last candle, add 50% after price move above 1st purchase in trade's direction.
LOSS EXIT:
Bottom of last candle
Inside Bar Candle:
The inside bar candle pattern is a simple, effective price action trading setup. The inside bar is a candle in which the body is fully contained by its preceding candle. The Inside Bar formation suggests that the market is pausing or consolidating. The bulls cannot create pressure for a higher high and the bears cannot create a lower low.
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