Long
BSVUSD (technical analysis)
Introduction
Hello tradingview! Today I will be doing another BSVUSD post, and discussing it’s potential upside.
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Technical analysis
On the hourly timeframe there is a break of a symmetrical triangle and a bullish MA cross. This signifies a possible bullish move to around 179.60$.
Here is the rest of the information concerning the trade:
Entry: 166.06$
Exit: 179.60$
Stop-loss: 161.77$
Risk: 2.58%
Reward: 8.15%
RR: 3.15
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Final thoughts
I will keep updating this idea as the trade goes on and will eventually say whether or not our target was hit when it ends. An educational idea will go out every Sunday starting next week (or the Sunday right after this one). I will post trading ideas whenever I see a good setup. Happy New Years everyone!
Hello tradingview! Today I will be doing another BSVUSD post, and discussing it’s potential upside.
————————————————————————————————————————————————————————
Technical analysis
On the hourly timeframe there is a break of a symmetrical triangle and a bullish MA cross. This signifies a possible bullish move to around 179.60$.
Here is the rest of the information concerning the trade:
Entry: 166.06$
Exit: 179.60$
Stop-loss: 161.77$
Risk: 2.58%
Reward: 8.15%
RR: 3.15
————————————————————————————————————————————————————————
Final thoughts
I will keep updating this idea as the trade goes on and will eventually say whether or not our target was hit when it ends. An educational idea will go out every Sunday starting next week (or the Sunday right after this one). I will post trading ideas whenever I see a good setup. Happy New Years everyone!
Note
When I first started making this idea it was near my entry point. Now it’s above it. The trade will still work if it comes down a small amount before rising and continuing its overall bullish direction. *Not financial advice.
Trade active
Trade is active. The entry point has been touched, and now all we have to do is see if the trade hits the target. Good luck and great trading!
Trade closed: target reached
Our target has so been hit! Everything went exactly as expected, with a short pullback to the upper trend-line of the triangle before a move to the upside.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.