Reason for long
a) Bouncing the price on last 3 negative QQE zone. expecting the same now as well because of assumption of these negative QQE as pull back set up.
b) Super trend and Rainbow is positive with bullish engulfing candle as bullish signal
c) The price at super vwAP level with good risk reward zone and price candle indicating the bulliness.
d) Another reason for long is price going up on very large big negative volume candle as seen in previous volume candles. History tends to repeat and Hence the price move up as assumption
SL compulsory
a) Bouncing the price on last 3 negative QQE zone. expecting the same now as well because of assumption of these negative QQE as pull back set up.
b) Super trend and Rainbow is positive with bullish engulfing candle as bullish signal
c) The price at super vwAP level with good risk reward zone and price candle indicating the bulliness.
d) Another reason for long is price going up on very large big negative volume candle as seen in previous volume candles. History tends to repeat and Hence the price move up as assumption
SL compulsory
Trade closed: stop reached