Retest of the structure zone for BTC
Updated
Price broke out of the channel and have now retested the channel support turn resistance.
Good risk reward here for a short with SL slightly above 3800 and profit just before the 3K mark.
Resaon for entry: Price retest support turn resistance with a high wick test of 3800
Entry: Next bar market after the lower low lower close candle
Entry: $3635
SL: $3805
TP: $3050
R/R: 3.3
Good risk reward here for a short with SL slightly above 3800 and profit just before the 3K mark.
Resaon for entry: Price retest support turn resistance with a high wick test of 3800
Entry: Next bar market after the lower low lower close candle
Entry: $3635
SL: $3805
TP: $3050
R/R: 3.3
Trade active
BTC on the 4 hour, freaky fractals
Trade closed: stop reached
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