on the 4-hour timeframe with continuous divergence on RSI
could lead the pair to the daily trendline
. This move could easily happen till Friday due to ECB's Interest Rate Decision on Thursday. Before shorting, wait for price to confirm the break of 4-hour trendline
since a move up, to slightly break the previous high, is still possible. Allow it to breath in at a fib retracement level on the 15 min giving you a better entry or R/R. Trade with caution since Mario Draghi is 1 hour away.
1) Never risk more than 2% of your account.
2) Try to be emotionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work.
4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.