Here is my quick swing play (this game plan is based on fair value areas ) :Entry at $1.22, Exit at $1.51, Stop $1.16 ,R/R 1 to 4.8
Let see if it is going to play out by Friday .
Let see if it is going to play out by Friday .
Comment:
AIKI moved down to $1.23 -$0.01 short of my planned entry point.
Comment:
At this moment I can not say much.Before AIKI was making huge moves every 20 days (3 big spikes are 20 days apart as you can see it on the chart),also it was making good moves every 6 and 15 days .But pattern is broken. Currently it is moving (in my opinion) with in value zones (between supply and demand areas) I was planing today to get in at $1.22 , it moved down (as you can see on the chart) from $1.30 to $1.23 -left me 1 penny short of my entry point-so I am not in yet.By looking at todays action I am thinking that it is going to test $1.12-$1.11 zone again (I can be wrong). Planing to adjust my entry to $1.12 with stop loss at $1.06 ,exit price is still the same $1.51.Lets see how it is going to play out on Friday.
Comment:
If it is going to play out as I plan R/R will be 1 to 5.6
Comment:
I was wrong , AIKI tested $1.23 level again and moved to $1.38, currently sitting at around $1.34 .