Also, I just want to point out that this entire down-up move off that IS in fact a nice PA just on a larger scale. So PA now supports a down move coming as well.
Here is the 4Hr Chart overview of the expected move:
MY TRADE PLAN
Holding this sell down to the completion of the . Stops will go above the wave (B) ending.
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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As for managing risk, that is already done in my overall trading plan. My trading plan dictates whether I can take a trade or not according to my risk tolerance.