Prices have already hit the TP1 of the bagging +70 pips. But of course, in the headline of the previous post, I mentioned that this wave (c) could possibly yield 500+ pips. So I fully anticipate that there is more price decline to come. Lots more!
MY TRADE PLAN
I am of course SHORT from the entry and looking for more pips. I will NOT take any profit from the TP1 expecting fully that there is more decline to come. When prices hit TP2 at the 61.8% retrace of the , then I will see what the PA is telling me before considering if I will take any profits at that point.
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. 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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Year-to-date Profits: +5,794 pips.
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