We have a lot of momentum to the down side.
Look for the Stochastic RSI to cross over.
We are below the 200 SMA so only looking for short opportunities.
looking to enter as soon as we get the Stochastic RSI to cross.
Set stop loss near or above the break of 1.11715
have a TP of 1:2
This is riskier as we have not had a retracement yet of the down trend.
So stay in the 1% rule for allocation of account value.
Look for the Stochastic RSI to cross over.
We are below the 200 SMA so only looking for short opportunities.
looking to enter as soon as we get the Stochastic RSI to cross.
Set stop loss near or above the break of 1.11715
have a TP of 1:2
This is riskier as we have not had a retracement yet of the down trend.
So stay in the 1% rule for allocation of account value.