BTCUSD
Trade is on the daily time frame but looking for a break close and retest for entry on the 4hr time frame
TP1 IS FIB LEVEL .5
TP2 IS FIB LEVEL .618
Make sure to move stop loss to entry after trade hits TP1 for risk free trade
RR 1:3
**** IF TRADE BREAKS AND CLOSES BELOW STOP LOSS BEFOR COMING TO ENTRY TRADE IS INVALID ****
TP1 IS FIB LEVEL .5
TP2 IS FIB LEVEL .618
Make sure to move stop loss to entry after trade hits TP1 for risk free trade
RR 1:3
**** IF TRADE BREAKS AND CLOSES BELOW STOP LOSS BEFOR COMING TO ENTRY TRADE IS INVALID ****
Note
Entry level acting as resistance right now can expect when it breaks a bit of a pop but we should see a pullback on the 4hr to get our entryPATIENTS PAYS!!!
Order cancelled
Trade broke down on the wedge on the 4hr time frame. Closing trade idea and looking for new entry around the 44250 range please check new BTCUSD trade idea for my thoughts
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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.