HI, ThienPC again.
I expect a short term correction, on the M30 RSI is overbought.
Prices are still in a downward trend over the medium term.
The rest I accept 3% risk in this setup. With sell order 1 and sell order 2 equally divide the risk.
Prices are flat and pattern is rising.
Price creates low price after higher than previous low price.
Over the medium term weekly, I still see prices trend up.
So accept a little risk to buy into. 2% account to get 2%, not bad too!
Technically, prices have peaked in the past two months and adjusted quite deep. Given that current prices will move sideways in the hard boundaries, I base on the trustable areas of the fibonancci.
However, in any situation, we must rely on the management of personal property.
I accept 5% for buy order 1 and 5% for order 2.
If I touched the two losses, I would...