$BTCUSD Current short trade
Updated
Good R:R short that I entered yesterday.
Reasons for:
- Price rejected ~4400 area
- Fell back through a significant S&R area which I would have taken as a no-brainer long if price had spent a little more time above it.
- Good R:R
Overall I am still bullish BTC.
Reasons for:
- Price rejected ~4400 area
- Fell back through a significant S&R area which I would have taken as a no-brainer long if price had spent a little more time above it.
- Good R:R
Overall I am still bullish BTC.
Note
Target ~4020 lowsNote
Price has now broken down, following the expected price action. Currently we have seen a retest of the level, but again, with not as much time/space as I would have hoped. A classic H&S has now formed.
Note
Have now moved stops down to ~4240.Note
Stopped out of trade, banked 1.2R.
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