I am live on this pair, you should enter if it meets your rules to do so.
ma3en91
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@tomhall, how long shall i wait if i place 0.03 lot on 1:400 leverage
UnknownUnicorn180388
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@ma3en91, Again that all depends on your rules.
I am unsure on your entry, sl or tp so the 0.03 lot could be 1% or 10% of your account.
Prior to placing any position i would implement some rules so it minimises and emotions and you have historical data to show that taking the same position over and over again will return you profit.
ma3en91
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@tomhall,thanks,, one last question is what is the percentage that the price will break the yellow line in the dialy chart?
UnknownUnicorn180388
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@ma3en91, My pleasure.
Knowone knows we can only predict.
Please note that my SL is larger so a break above the yellow line is possible as it's not the structure level i am watching it's only the right shoulder.
ma3en91
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@tomhall, thank you,, a question came to my mind.. what if a large number of people placed a huge buy positions , does this effect the price? and how?
UnknownUnicorn180388
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@ma3en91, If there is more buyers than sellers ( cash quantity ) then the market will go up, the same in reverse.