How To Trade Traps In Banknifty
Often beginner traders get trapped when thry try to trade breakouts.
But there is a way to trade these of traps in banknifty.
Lets figure out
After 3 test of a resistance we plan for a breakout trade.
Stock gave a big breakout candle, not a favorable risk reward trade, so let it go..
Stock reversed after small move trapping new buyers: FOMO traders are trapped.
Made a lower high & confirmed the breakout failure. Entry after the break of previous low.
Ride the trade.
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