MY TRADE PLAN
With the FOMC coming up later, it isn't an ideal time to think this or any pattern is solid. But for now until then, I'll be looking for a possible decline into or near that lower TL. I'll watch the PA very closely and possibly will either close or partially close positions before the FOMC. Stops go above the upper TL of the larger contracting triangle (blue line).
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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