I dont much like scalping for pips anymore.
But long term perspective looks much more clear.
This is a weekly chart, and as you can clearly see there is a huge Bearish engulfing candle.
I dont think this candle will be reversable.
I am not sure how to set stop loss, but I think a couple of hundred pips will do.
Close the trade in a months time and I think I should be couple of hundred pips well clear.
What do you think ?
But long term perspective looks much more clear.
This is a weekly chart, and as you can clearly see there is a huge Bearish engulfing candle.
I dont think this candle will be reversable.
I am not sure how to set stop loss, but I think a couple of hundred pips will do.
Close the trade in a months time and I think I should be couple of hundred pips well clear.
What do you think ?