Hey, for me price found support and now should go up. I checked wave indicator too (i know we do not use it in your method) and i think that now is not end 4 wave yet. So for me price should go up and than down making new lower low in wave 5… but could be wrong
There is a similar situation formed on the USDCAD Daily. And I’m not sure where to go with it on my short, should have taken profit at the upper end of the pin reaching the area of resistance, and now I’m sat on a negative pointing trade. Should I cut my trade on the strength of the second pin forming? Or stick with it on the basis that the overwhelming trend should win through? Will attach a chart after I’ve had some breakfast.
Did you make a trade plan? i,e: write down exactly how you will manage this trade depending on what it does?
Do you have a trade management plan?
Do you have a trading plan and trading rules you follow?
If not why not?
I talk to a lot of professional traders and traders who consistently make money trading all different types of way. One thing nearly all have in common is a trading plan, goals and rock solid commitment to these things.