Final Day for my Rescue Mission
So, before the week ends, I want to recover my long orders with minimum loss as possible.. My plan is as follows:
So, before the week ends, I want to recover my long orders with minimum loss as possible.. My plan is as follows:
- Based on MACD divergence, I expect a spike into my white rectangle area... I am waiting for that and do nothing for now!
- If I see bulls coming back and climbing above the current bearish flag channel, I could open a 3rd long order to gain extra profits.
- If bears keep going lower, I do nothing!
- IF bulls truly arrive into the white zone and climb high enough, I get rid of order 2 and 3 with profit.
- After that, I will re-analyze but if I see selling pressure, I will open short (which will appear as a hedge)..
- My wish is that price goes back to 1.1631 area. (I see that area as the limit of what bulls can do with current flow)
- Once short open and I face drawdown (because there is always drawdown) I will get rid of 1st order.
- Finally, I am planning to close short order with profit before market close.
- Let's see how this day will go... Bulls are trying as anticipated.. (+15 pips have been collected so far)..
Happy Friday folks 
Focus only on what truly matters!
Res @1.1615, let’s see if bulls can crack it.
