Though market is looking very but still going by the system, V type trade opportunity cannot be avoided, hence from market's perspective keeping the idea title as "V for Vendetta". Stop loss will be few pips above last high 191.00 (i.e. 193-189=4 points stop loss). This zone is also hence going by the general wisdom of market geometry mentioned below the 1st Target can be of .
"Don’t try and sell the TOP, Wait for a reaction and if it is not a strong reaction (if it does not take the high) then sell the reaction high.
"This is my trading journal, not a trade recommendation. I will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benefit from my experience.
Trading in the stocks market or markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.