I have placed my entry at some structure down near point D , it seems like pretty secure resistance, so i decided to mark that (in green) as our reversal point.
As for my stop, i have placed it at some structure I found kind of far back in the charts , last week or even further back , but it has a few structure tops and bottoms down near it, so i'm going to give those a try. That structure is under point D.
Finally my limit is placed where all my other trades are being placed this week, that is at the .618 extension of the BC leg.
Stick around to see how this trade plays out for me, because I am headed home for the night. Thanks for checking us out and thanks for liking the idea if you choose to;) . And thanks for commenting if you disagree , if you agree , or even if you just want to say Jesus is coming romans 10:9, like CKSmiller did all day today in the chat room.
Thanks for tuning in guys ! and as always Good Trading Everyone!