April 1, 2014

Intraday analysis

Past 2-3 days, markets are seeing selling followed by immediate buying. Today was no different.

There was a trap in short trade when 6720F broke... but the price behaviour (see candlesticks post the break) showed there was no additional selling and only buying.

This lead to a buy signal which I skipped as the trading range was small and breakout failures then tend to be high.

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