long trade of icici prudential completed

Hello, guys, this is shubham today again my one long trade of the icici prudential has completed and this is also one of the best trade of my trading journey,

I want to tell you the reason for this trade why I initiate the trade

as you know first I forecast the chart

this is the daily chart here you can see that one red line and two white horizontal lines the red line is the strong support line and the middle white line is the short term support line and the upper white line is the strong resistance line as you know I am a price action trader so I don't use any indicator or pivot point I make my own support and resistance level,

this is the hourly chart and in above I was talking about the middle line is a short term support line and here you can see that it is correctly sustained in this middle line and that give me an indication and in the 15-minute chart, I get confirmation

this is the chart when I initiate a trade and now I will show you my target chart in which I get the target and this trade is very had done with the very preferable risk-reward ratio I have only 2% risk 5% target and hopefully I get the target

so this is now completed not I don't have and pending positions so and however I also get lots of trade in this month

I wanna tell you that if you are beginning trade don't trade too much

you just spend some time with technical chart get to understand the effect of news

do backtesting your trade do ASR ( advance self-review) if you don't know about this DM me I will make a complete blog about ASR

so thank you stay tuned

Happy trading

Comments

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