Triangle Break (BTC/USD)
Beautiful example of a break and retest of a tendline/Symmetrical Triangle. Don't always get the retest, but this time it did. Shorting here.
Not positive what Stop/TP should be but i guess a good place is above recent high for stop and high liquidity low to TP? Only an R of one. If this was during the day i would probably just monitor the trade and let it run and move up stops, but since i am about to go to bed, it's the best i can come up with.
Not positive what Stop/TP should be but i guess a good place is above recent high for stop and high liquidity low to TP? Only an R of one. If this was during the day i would probably just monitor the trade and let it run and move up stops, but since i am about to go to bed, it's the best i can come up with.
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.