After the movement yesterday, my long term plan looking at the daily is still that the market will move up. The 1Hour chart reflects my trading plan while waiting for the upward movement. Please bear in mind that the published idea is not advise, but reflecting my though and personal actions on the market.
The market in my eyes should not break the diagonal line mark as AB, if this happens than the idea is voided.
1. Sell at market price , TP @ 138.593
2. When the market opens new candle above 138.593 i will buy and tp at 139.108
3. When the market opens below 138.593 my tp will be set for 137.611
4. When the market cross the diagonal line AB my new tp will be 139.975
5. If the market remains within the Borders of the diagonal line AB and the support 137.611 my tp will be set for 137.611
NB: the market do not move in a straight line so I improvise and take profits even thought the TP is not reached as it will not always move to the TP point but as least few pips away. follow your mitigation plans for transactions that goes against you and do not be left unprotected.
Keep it Safe
be careful out there and happy trading