MY TRADE PLAN
I'm taking this SHORT trade opportunity as an ending to the wave 4 correction and as a start to the wave 5 down which would be a trend continuation play. However, I'm using this as more of a trend continuation signal. So instead of taking profit at TP1 and TP2, I'll be looking to hold this trade SHORT for a longer time. However, I will closely monitor it as prices approach the TP1 and TP2 for the to watch for signs of any reversals.
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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Year-to-date Profits: +5,794 pips.
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