The proper investment strategy seems to be long however NOT to make any new entries at the current levels.
Expecting some correction around these levels. Unless momentum continues to surprise but it is not worth the RR and odds that come with it.
It is important to be on the lookout for the rest of the bidding zones marked in the chart. Those will constitute reasonable price zone to bid and quick invalidation points.
Risk, money and emotional/behavioural management are the most important aspects of being successful in the long term.
Take RISK Management seriously.
NOT FINANCIAL ADVICE.
All CONTENT is intended for EDUCATIONAL and ENTERTAINMENT purposes ONLY.
Expecting some correction around these levels. Unless momentum continues to surprise but it is not worth the RR and odds that come with it.
It is important to be on the lookout for the rest of the bidding zones marked in the chart. Those will constitute reasonable price zone to bid and quick invalidation points.
Risk, money and emotional/behavioural management are the most important aspects of being successful in the long term.
Take RISK Management seriously.
NOT FINANCIAL ADVICE.
All CONTENT is intended for EDUCATIONAL and ENTERTAINMENT purposes ONLY.
D7R