I was reviewing my weekly trading plan for UJ and I found a few situations that made me change part of this plan:
It has been really hard to UJ to break the psychological zone that I marked as a Selling Zone (a lot of push back in that zone) - This is why my TP1 is into that zone in the last high of this month
Reduced my TP2 (Now exact Fibo Ext 61.8 - 106.71) and TP3 (Fibo 123.6% - 109.262)
My expectation is that TP3 will be hit in the wave #5 insted #3 due to the redirection that made the last rally
I will be watching another possible breakout in the red line (please note the chart in the upper left corner), that means a change in the trading strategy, candles in 1 hour and 4 hours are outside of the tendency and could require a trading plan redefinition, Thanks, I know nothing.
It has been really hard to UJ to break the psychological zone that I marked as a Selling Zone (a lot of push back in that zone) - This is why my TP1 is into that zone in the last high of this month
Reduced my TP2 (Now exact Fibo Ext 61.8 - 106.71) and TP3 (Fibo 123.6% - 109.262)
My expectation is that TP3 will be hit in the wave #5 insted #3 due to the redirection that made the last rally
I will be watching another possible breakout in the red line (please note the chart in the upper left corner), that means a change in the trading strategy, candles in 1 hour and 4 hours are outside of the tendency and could require a trading plan redefinition, Thanks, I know nothing.