The recent price action has also created a POTENTIAL as well. Prices are descending along the the CD leg of this . I am also placing my TP1 at the completion of this . When prices reach the completion of the , I will decide how much profit I will take off this trade if any as I am expecting that prices would eventually reach the bottom TL of the larger to complete the leg 5 and also the POTENTIAL Bat.
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!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
Sign up to mailing list: http://bit.ly/2iNieEY
Facebook Group: https://www.facebook.com/efxselect