Hello, traders. Today 1
I have this huge counter trend line coming from above. 2
And now, I'm having these smaller counter trend line and actually, I will be drawing now 1 more aggressive 3
counter trend line. 4
I will zoom it a little bit. 5
So I have this one from the top. 6
I have a second one now. 7
And you can see that I will have a third one now from this recent top. 8
So this one over here. 9
So where I will be placing my buy stop is just above these recent counter trend line. 10
And if today the price breaks it, I will be happy to enter at 4200. 11
So I will click right button. 12
I'm going to Trading, New Order and I will select Pending order, Type - Buy Stop and the price will be 13
4200. 14
And my Take Profit would be 4410, $210 higher. 15
So you can see where is my Take Profit. 16
So if the price continues lower, I will drag my pending order lower just above this counter trend line. 17
And if it's executed, I will continue the video and I will show you what will happen. 18
Thank you, guys, for watching.