Trade Setup For Wednesday
Instrument: Nifty50
Market Structure:
Uptrend / Bullish: Above 26011
Sideways / Rangebound: Between 25888 & 25991
Downtrend / Bearish: Below 25857
Area of Value (AOV):
Camarilla Pivot H3 or CPR break for Uptrend
CPR break for Downtrend
Entry Trigger:
At AOV with any Bullish Candlestick pattern or 20/50 EMA break for Uptrend.
At AOV with any Bearish Candlestick pattern or 20/50 EMA break for Downtrend.
Exit Trigger:
Target:
- At Camarilla Pivot H3 or Swing High or 20/50EMA break or any Bearish Order Block (or any Bearish break) for Uptrend.
- At Camarilla Pivot L3 to L4 or PDL or Swing Low or 20/50EMA break or any Bullish Order Block (or any Bullish break) for Downtrend.
Stoploss:
- 1:2 RR (Risk to Reward ratio) or 1 ATR beyond the AOV or 20/50EMA break for any Market structure.
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