B&B Pattern was formed in Week time frame. Seeking to enter Long Position at Day time frame. I will long when the price go through resistance
Long Position
Entry Point (EP) : 12600 (Minor Resistance from FR 0.618)
Stop Loss (SL) : 11200 (Minor Support from FR 0.382)
Take Profit (TP) : 19600 (Major Resistance (COP) at week time frame)
Money Managment
I can loss only $1,000 (2% of my portfolio)
From EP to SL, it is 1400.00 Tick = $1,400.00
To loss $1,000, I need to open 0.714 BTC
If I win, I will gain 8400 Tick * 0.714 BTC = 5,997.6 USD
Long Position
Entry Point (EP) : 12600 (Minor Resistance from FR 0.618)
Stop Loss (SL) : 11200 (Minor Support from FR 0.382)
Take Profit (TP) : 19600 (Major Resistance (COP) at week time frame)
Money Managment
I can loss only $1,000 (2% of my portfolio)
From EP to SL, it is 1400.00 Tick = $1,400.00
To loss $1,000, I need to open 0.714 BTC
If I win, I will gain 8400 Tick * 0.714 BTC = 5,997.6 USD
Trade active
Order filledTrade closed: stop 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.