BTCUSD - Local Fib Long
Premise:
1. The local hourly SRSI will be bottomed (unclear if a bulldiv will be formed, this is an early plan)
2. The retrace will happen in less than one day (in order to close the daily possible bullish divergence)
Execution:
1. Long scale 1:2:3:4 from 6424 to 6405, 1x leverage
2. Stop Loss at 6393
3. Target 1 : 6480
4. Target 2 : 6560
Result:
1. A 2.75-6.83:1 Reward:Risk trade achieved
1. The local hourly SRSI will be bottomed (unclear if a bulldiv will be formed, this is an early plan)
2. The retrace will happen in less than one day (in order to close the daily possible bullish divergence)
Execution:
1. Long scale 1:2:3:4 from 6424 to 6405, 1x leverage
2. Stop Loss at 6393
3. Target 1 : 6480
4. Target 2 : 6560
Result:
1. A 2.75-6.83:1 Reward:Risk trade achieved
Trade closed: target reached
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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.