AFTER A LONG HIATUS, I AM READY TO SHARE IDEAS WITH YOU.
SOMETIMES IT IS NECESARY TO TAKE A BREAK FROM THE MARKETS TO ENJOY WHY WE DO WHAT WE DO.
I DECIDED TO MINE FOR SOARING EAGLE PATTERNS AND I FOUND A HIGHLY PROBABLE PATTERN WITH A 9:1 RISK REWARD PROFILE...AS I PREACHED BEFORE, ONLY TAKE TRADES WITH FAVORABLE RISK REWARD PROFILES. THIS WILL ALLOW YOU TO TAKE DRAWDOWNS, BUT STILL GIVE YOU THE ABILITY TO EXECUTE MORE TRADES.
TRADE WITH BALLS AND ALWAYS TRUST YOUR PLAN.
However, being that this pattern offers two opportunites, you can wait for price action to reach 1.2204 or execute a buy order at 1.2267 - you would still have a favorable reward over the amount of risk. Let me know what you decide to do in this situation.