WEEKLY ANALYSIS AND TRADE SETUP- 12 MARCH 2017

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WEEKLY ANALYSIS AND TRADE SETUP- 12 MARCH 2017

Post by AVINASH on Sun Mar 12, 2017 6:28 pm

As pointed out last week that multiyear high is offering nice resistance, but trend on daily, weekly and monthly is UP with 240 min trend down with broken trend line.
This was basis for the initiation of long trade which is holding levels currently.

OI analysis suggesting unwinding of long positions but as per trend analysis I will hold my long position with SL below 123.



Trend Analysis:




OI Data Analysis:




Trade Setup:


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