Its very rare to squeeze out very good risk reward ratio's while trading with cyphers. Even sometimes we may have faced situations like inverted risk:reward in cyphers.
But we have rare chance, where the bearish cypher on NIFTY 50 offering risk reward 1:3(approx.).
Cyphers D leg in Nifty is now on par with X. As all conditions of cypher is still valid its good chance to go short.
Before entering on Monday please check your Entry, Stops, Targets as per your trade plan
Moreover, D completes around the resistance area which has been tested 3 times and if you have keen eyes don't miss out the hidden bullish divergence with higher lows(Nifty 50) and lower highs (RSI).
So we can expect a small pullback to 7600's to 7750's before Nifty moves further up.
Hit Likes / share n comment your views..
Happy Weekend !
交易开始
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Order Filled.. Now lets wait for What Nifty offers us... + or - ..Lets wait !
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With 55mins remaining for Day's close, Nifty heading for Lower close than prev.day(Friday)..Waiting for our Cypher Targets to b achieved
评论
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As expiry is just a day away,Nifty playing hide and seek with us and if you go down one timeframe (4h) or even hourly , we can clearly see a Double top formed with Bearish Divergence.
Our stops aren't hit till now, and the ideal range of stops for this Double Top will be 8010's to 8040's.
Just checked in morning and noticed this, that's y sharing with you Guys !
Please suggest , When to enter for buy or range for it .
InsiderB
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Dinesh, you are asking for Long term or swing trade ?
VPS
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The RSI made lower lows. So, it is bullish or bearish divergence?
InsiderB
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if you refer 4h charts, its Bearish Divergence... Bullish Divergence will be forming when RSI forms higher lows while getting out of oversold condition