After Yesterday News , it seems Draghi is telling us or Draghing us to Long the Euro because its a massive Bull Trend. SO I decided to be a buyer and instead the search for any fresh or little demand because All I need was a minimum of 10 pip per day.
Looking the hourly it is consolidating or looking for dips ( fresh buyers ) and here I spot this little demand, telling BUY here. And so I put the BUY limit at those demand 1.32545.
Why I took it ? Simply because Demand Exceed supply at that price and the strength, period even profit margin all had a good score of 2. And the retracement no doubt is a 2.
So I put a pending BUY limit at 1.32545 and a SL at 1.3240 with a TP at 1.3270. And so the price did what it suppose to do as per Demand Supply equation.
The trade close for a 15 pip.
What did I learn ?
I compare the Demand level with a candlestick chart and it confirms with the Point and Figure chart.
What did I do Best ?
I execute my plan without exiting early.
What should improve or change ?
Nothing and continue as part of my routine.
What’s Next ?
Look for any massive dip for a massive Buy!
Good day and happy pip-ing!!