NIFTY Trade Journal 19/05/2023

Today As the market went bearish a lot previous few sessions and had good support at 18050–18045 was looking for buy-side

Trade 1: Market opened a little gap up from the previous market close and the support test was pending so planned bearish trade,

Trade 2: Took it for a resistance test as many would have thought that market might continue to fall, but on the long side, SL got hit

Trade 3: but as support was strong, considering it as a trap for buyers and sellers entered after a strong candle close on a minute till the previous swing high as a target.

Trade 4: earlier I thought to enter the short side but the market was breaking the trendline and even formed M but selling was quite slow, and many would have entered the short side, considering the speed and OI thought it will give some points to seller participation but if shows a reversal on LL, will enter buy side or till liquidity level