BNF Intraday view for 19-07-2021
Good evening all,
Freaky Friday..... Do you agree? Like I had mentioned on Thursday, the market was going to be tricky and it was. We had to manually close the trade at 100 points.
Tomorrow is going to be no different, multiple swings over the past 2-3 sessions have created an immense amount of noise and hence doubt.
The best trade in this scenario is to NOT trade at all. Seriously... However, if you do want to;
Long side view:
Buy above 35860
Target 1 zone - 35950 to 36000
Target 2 - 36065
On the short side;
Short Side view:
Sell below 35600
Target 1 - 35500
Target 2 - 35450
Target 3 - 35365
On either side, 100 point stop loss is a good idea, providing you a RR of atleast 1:1
Again, I will want to re-iterate, Trade with extreme caution unless a clear move offers itself
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Freaky Friday..... Do you agree? Like I had mentioned on Thursday, the market was going to be tricky and it was. We had to manually close the trade at 100 points.
Tomorrow is going to be no different, multiple swings over the past 2-3 sessions have created an immense amount of noise and hence doubt.
The best trade in this scenario is to NOT trade at all. Seriously... However, if you do want to;
Long side view:
Buy above 35860
Target 1 zone - 35950 to 36000
Target 2 - 36065
On the short side;
Short Side view:
Sell below 35600
Target 1 - 35500
Target 2 - 35450
Target 3 - 35365
On either side, 100 point stop loss is a good idea, providing you a RR of atleast 1:1
Again, I will want to re-iterate, Trade with extreme caution unless a clear move offers itself
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
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