Today i took my first trade based on the sonic system. I posted a chart showing my trade.
the first arrow shows a L
the second red arrow shows a HL
there was a break of the upper dragon on the 3rd leg.
The dragon is pointing up
So i set my buy around 10 pips above that candle
My Sl was set at the bottom of the 3rd leg which was around 36 pips
My TP1 was 36pips which was hit few min ago
TP2 will be at daily resistance 2 which will be around 70pips.
Could someone analyze and tell me if im on the right track
the first arrow shows a L
the second red arrow shows a HL
there was a break of the upper dragon on the 3rd leg.
The dragon is pointing up
So i set my buy around 10 pips above that candle
My Sl was set at the bottom of the 3rd leg which was around 36 pips
My TP1 was 36pips which was hit few min ago
TP2 will be at daily resistance 2 which will be around 70pips.
Could someone analyze and tell me if im on the right track