Good Morning,
Lets have a mindful trading day - Always start the day with some balance eg (good breakfast-some exercise-some mindful quietness or meditation-balance is key)
Facts - We are still in an uptrend. We broke out of the previous trend which gifted us a short opportunity-right now we have a slight retrace opportunity for a small long (3207-3253). Remember to always manage your risk and lift your stop limit as the trade progresses.
Objective - long trade entered at 3213. First take profit or stop limit adjustment will be at 3237 as that is our 21 EMA trend line. Full take profit will be at 3253. If the trade fails we at least get to collect our profits at 3237.
Objective 2 Reassess market conditions at 3253 (Will it consolidate and go up-Will it bounce and continue down-Will it consolidate and continue up) - We really don't know this which is why we close our positions and reassess at these levels.
Keep in touch - Lets win trades together-live a balanced life with much fun and joy! Trading is not the be all and end all but it is a good way for us to make some coin!
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