Waiting for a pullback to 7300-7500 area
Watching 7300-7500 area on a smaller time frame, 15min to 1 hr time frame for reversal patterns.
If price retraces back to 7300-7500 and reversal pattern appears,
enter trade and place a stop loss below the lowest point of the reversal pattern
Stoploss: could probably be at 7000 area.
Then just watch it go.
Entry: 7300
Stop Loss: 7000
1st Target: 10,000 (50% position)
2nd target: 10,700 (25% position)
3rd target: let it ride, and trail stop (25% position)
Watching 7300-7500 area on a smaller time frame, 15min to 1 hr time frame for reversal patterns.
If price retraces back to 7300-7500 and reversal pattern appears,
enter trade and place a stop loss below the lowest point of the reversal pattern
Stoploss: could probably be at 7000 area.
Then just watch it go.
Entry: 7300
Stop Loss: 7000
1st Target: 10,000 (50% position)
2nd target: 10,700 (25% position)
3rd target: let it ride, and trail stop (25% position)