Trading plan for Instrument Taking Dow Theory , S&R, trendlines , chart patterns to develop trade plans
Bearish indications Series of LH,LL Horizontal and trendline resistance Bearish flag formation bearish divergence
Plan If rejected from resistance level, will sell with first target at lower support if breaks lower support would be the confirmation of bearish flag and set next target at flag target Entry: Good Bearish candle on rejection Risk :2% Tp1:99.5 Tp2: 93.14 Stop loss:103.5 (previous LH)
----------------------------------------- Bullish indications Double bottom like formation
Plan if breaks the rectangle would buy with targets at next resistance level Entry: Upon breakout and a bullish candle for confirmation Risk :2% Tp1:103.5 Stop loss:99.4 (previous LH)