BTCUSD Analysis (15 Dec 2022, Thurs)
Updated
1. Price reaches previous Daily High & TP3 and then goes back down.
2. Price slowly lose it bearish momentum and fail continue to go downwards, instead it creates higher high.
3. Could set a buy stop order on 17708.50, Stop loss on previous important low.
* I would prefer to trade long than short as the H4 trend is bullish at the moment.
2. Price slowly lose it bearish momentum and fail continue to go downwards, instead it creates higher high.
3. Could set a buy stop order on 17708.50, Stop loss on previous important low.
* I would prefer to trade long than short as the H4 trend is bullish at the moment.
Order cancelled
Price did not trigger BUY STOP and pass through previous low. So this setup is not valid anymore
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