Wait for 115.70 and make decision from there.
Look for long position if it hits 115.70
Order cancelled:
First broke 115.70 but did not provide any long signal. Than broke 115.50. Will not take any trades at this time.
My plan saves me a premature long position at trend line at 116.00 and a wrong position at 115.70. However, I may need to consider to change my view of market direction. If I can do so I may make some profits because I did predict the market going down.
My plan saves me a premature long position at trend line at 116.00 and a wrong position at 115.70. However, I may need to consider to change my view of market direction. If I can do so I may make some profits because I did predict the market going down.