Bulls thinking "wow! what a discount". But this is
just more of the same and bulls haven't learned a thing.
Hidden bearish divergence suggests this will continue to fall.
just more of the same and bulls haven't learned a thing.
Hidden bearish divergence suggests this will continue to fall.
Comment:
If you are new to my style of trading I mostly use an oscillator method based on the 1hr and 4hr systems. My system is great and very accurate. Here I am waiting for the 4hr Stochastic RSI to turn down below 80% and that will signal a sell. My stop is usually around 20 pips give or take a few pips. My risk is a tight 1% and sometimes less if the stops are higher than 20pips. If I am stopped out, no big deal, I have only lost 1%. A 1% loss is manageable and will be an easy pill to swallow if we are wrong. This is easy on emotion and you can even sleep with a position on. Any bigger risk than that is NOT advisable. Good luck.