hello,can it also be used for trade entry confirmation?
DislikedMeanwhile, on H1... I am marking ~1.0861 area as nearest resistance. Bears are intact while a new MACD divergence is forming. Will divergence work this time? Answer: you shouldn't care. Rinse and repeat selling until failure! Simple! Happy Thursday to all{image}
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Disliked{quote} I didn't mean that gold is expensive, only that it is the most expensive that it has so far been. So if buyers know that the can buy cheaper by allowing the sellers to take over for a bit, why not allow that? The only reason I can think of is that the buyers are operating out of FOMO. If they don't buy it at this price, someone else will. But by doing so, it raises the price making the feel like geniuses for getting in at the right price, failing to realise that it was their buying (collectively) that rose the price. A self-fulfilling prophecy...Ignored