Shorting after the overextended hype.
Kept a tight stop-loss, now moving it accordingly. Overbought on the RSI, big rejection candle formed today, waited for the bounce off the new downward trendline. I am keeping a close eye on this pair, for the potential to take profits if we see gold move to higher highs.
Kept a tight stop-loss, now moving it accordingly. Overbought on the RSI, big rejection candle formed today, waited for the bounce off the new downward trendline. I am keeping a close eye on this pair, for the potential to take profits if we see gold move to higher highs.
Kommentera:
Stopped at entry, was watching this pair closely.