OK so based on the indicators do I buy, knowing I'm paying a high price but seems market is going up but will peak and go down soon, so when I see (Being a cautious trader )the price go down ie two red bars on a 1hr/bar chart sell since I'm already at a profit right now, and wait a few hours/day for the price to dip then buy back in?
What would you do? WWYD?
Firstly, you should have posted this on Trading discussion board to get more appropriate replies.
Looking at this chart I can see that there's a selling volume and the AO indicators are going downwards which means the price is falling since sellers are more than the buyers.
The indicators clearly show that there is a dip and you should wait for the dip to settle and buy at lower price.