Hi guys, Can you tell me if selling at 1.07 (which I did) in the anticipation of it going either down directly to .86c, or going up to 1.47 - 1.56 then down to .86 in the zigzag of the obvious channel is a wrong or right move ? Any advice most welcome given I am trying to recoupe capital lost.
I am on the sidelines too. I expect the lows to continue. There is a strong down trend daily. the one hour and 4 hour are getting closer to a turn on the PSAR indicators.
I use PSAR< MACD, Bolinger Bands and Percent. Fibs for entry plans. Patterns and trends for directions. In this case, heavy low indications still.