as usual, we will make EMA50 as our exit place. Our Trading Plan has only two things, entry and exit only. Our exit is only at EMA50 and can be profitable and can also be a loss. But mostly, we will be able to profit based on this strategy I use (more than 70% win rate). Please ignore my big SL as the actual exit is at EMA50 H4 for this analysis. there are two possibilities, first, the price will continue to rise touching EMA50 (yellow arrow) or second possibility, the price will go down making a new lower low before rising to EMA50 H4 (red arrow)
Trade closed: target reached