Journal
16 - EU Buy with the All time highNow, EU is going up
The risk is ;
1. failed break
2. From the past data, it is hard to find the target.
I will trailing stop with the dow theory, with Higher high and Low is my trailing stop. The other stop is ; if it fall around 20%, i will sell all.
From the price pattern, it is the flag and target around 1.33xx
But i think it is too far and not cluster with support resistant area. :(
14 - EU Short Sell with Channeling downI sell (after i closed buy for fibo target around 50%)
Now it complete my elliott wave cycle (5- impulse wave)
It will be down for ABC and go up to "B" of the higher timeframe
However, I rely on the candle stick because it is the reversal candle ( tweezer, not sure the name)
Target around 50% first
longer target break low for channelling down.