ES 200 SMA LONG (2018) Part 4

We always wait patient for the trade to come to us rather than chasing the trade.
Previously on Part 3, we missed the trade by a thin margin of 2.25 points.
The market bounced back up and retrace back down.
Luckily it presented an opportunity for us to enter the trade.
The Profit target #2 is identical to Part 3 Profit target #2 as price action did not reach to that area previously. (2718.00)

The entry of 2588.50 is based on the previous day close of the 200 SMA
Stop loss is 2 ATR from the entry.
Profit target #1 is 2 ATR from the entry, giving you a reward to risk ratio of 1:1.

Trading Plan:
1. Set Stop loss (2482.00)
2. Sell half at Profit target #1(2695.00)
3. Once Profit target #1 hit, shift stop loss to 1 ATR above your entry. (2641.75)
4. Sell the remaining half at the resistance.
closing of the red candle on 21 March 2018 (2718.00)