This is my view on the future evolution of this pair based on my E.W.P. based technical analysis. My entry point is not yet defined, IN ANY CASE I WILL NEED A CONFIRMATION BEFORE ENTERING IT. My TP is also not well defined, because it could go way beyond my target shown on the chart, that is the minimum I expect, but will not exit the trade until a clear signal of trend reversal.
The only thing I know for sure is the place which if touched by PA I know that my analysis is wrong and redo my homework....but in that case there was no trade confirmation = no trade entry = no wrong entry (counter trend entry which is so common these days...) = NO LOSS !!!
That is the main goal: IF NO PROPER CONFIRMATION = NO JUMPING INTO THE TRADE BLINDLY BASED ON PINBAR, HARMONICS or whatsoever BS idea = NO LOSS !!! Capital preservation should be the main focus...
Trade with care, because your account has to live to trade another day!
The only thing I know for sure is the place which if touched by PA I know that my analysis is wrong and redo my homework....but in that case there was no trade confirmation = no trade entry = no wrong entry (counter trend entry which is so common these days...) = NO LOSS !!!
That is the main goal: IF NO PROPER CONFIRMATION = NO JUMPING INTO THE TRADE BLINDLY BASED ON PINBAR, HARMONICS or whatsoever BS idea = NO LOSS !!! Capital preservation should be the main focus...
Trade with care, because your account has to live to trade another day!