Hi I'm Sandeep Deb Price Action Trader. I'm sharing some of my tomorrow setup for a BNF.
Tomorrow we can see an aggressive buying above 37120, aggressive traders can buy above 37050 and safe traders can buy above 37120 with Stop loss @36880
REASON AND SETUP FOR BUYING GIVEN BELOW:
1) In 15min TF we can see down trend and now this trend is going to end or getting weak with confirmation of downtrend rejection, after 5 rejection somewhere there is a high expectation to see for uptrend.
2) 5rejections in downtrend.
3) Cup N Handle pattern.
4) Fib Retracement taking support around 36880.
Tomorrow we can see an aggressive buying above 37120, aggressive traders can buy above 37050 and safe traders can buy above 37120 with Stop loss @36880
REASON AND SETUP FOR BUYING GIVEN BELOW:
1) In 15min TF we can see down trend and now this trend is going to end or getting weak with confirmation of downtrend rejection, after 5 rejection somewhere there is a high expectation to see for uptrend.
2) 5rejections in downtrend.
3) Cup N Handle pattern.
4) Fib Retracement taking support around 36880.