Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
Also formed a pennant, so it will have to go in a direction, as the candles are getting compressed
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH - 134.2
PDL - 132.7
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
Also formed a pennant, so it will have to go in a direction, as the candles are getting compressed
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH - 134.2
PDL - 132.7