BCH/USD EW-Count based expected long/short play in the c and C
Structural EW Analysis on BCHUSD Pair-confirming price action needed for an entry
Trade active
could already be the revearsal structure we are looking for..ii-iv broken, pullback to the broken ii-iv line
means: down impulse finished
speculative entry with initial SL on low...
check exchange broker value of yours for the low, should be about 2020-2120
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an abc of iv' of c' of b of Bforming and running
cannot be ruled out
with such price behaviour
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new lows still possible,
but this are sign of life
no overlap of price with
the i'' of c, till,now...
iv'' running still possible
new low will just make
us draw the ii''-iv'' again
and wait it to be broken again
to get back in for a second try
with SL at the new low...
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Trade active
Turning the initial SLnow into a trailing stop loss,
following the bottom -x? line here
as long as move clarifies
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SL now ar 2360 at the moment and moving up with the green line, which is not very steep but should give us an nice trailing point if the iii is running...
entry was 2260, we are in the winning zone here, maybe for even more if the target zone at around 3100 gets reached...
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trailing stop loss,at 2440 now
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trailing stop loss,stays at 2440 =i'-overlap
adjustment of the failed v'' low
Trade closed: stop reached
thats what I call a STOP-LOSS-GRAB...we are out with a winning trade of 8%, not bad for such this pair feasting itself in weakness for days now....
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