I found EMA144 also good to be used in 60M chart to verify trend direction.
Weekly chat: V Pattern,
2.SMA50 Cross Over EMA144
3. is confirmed
Earning date: 7/17/2020 7:00 AM ET -- Earning will not affect this plan.
Stop: 114.5; when Below EMA144
Target: 125; risk/reward=1:3
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Option Stop 114;
If Price goes down under demand zone, that shows the institutions cancelled the unfilled buy orders. So, Do not buy.