BTCUSD - Local Trend Short
Premise:
1. The local hourly bearish divergence will show itself in the next two candles
2. The OneX Scalping Indicator will throw a sell signal on the hourly candles
3. Volume on 15min will reflect selling volume taking control (not shown here, can't promise a follow up with a 15min but I'll try)
Execution:
1. Short scale 1:2:3:4 from 6500 to 6523, 1.5x leverage
2. Stop Loss at 6540
3. Target 1 : 6417 (seperate long idea for that zone)
4. Target 2 : 6321 (in case I'm wrong about my long, I'll be hedged out by this short)
Result:
1. A 2.99:1 Reward:Risk trade acheived
1. The local hourly bearish divergence will show itself in the next two candles
2. The OneX Scalping Indicator will throw a sell signal on the hourly candles
3. Volume on 15min will reflect selling volume taking control (not shown here, can't promise a follow up with a 15min but I'll try)
Execution:
1. Short scale 1:2:3:4 from 6500 to 6523, 1.5x leverage
2. Stop Loss at 6540
3. Target 1 : 6417 (seperate long idea for that zone)
4. Target 2 : 6321 (in case I'm wrong about my long, I'll be hedged out by this short)
Result:
1. A 2.99:1 Reward:Risk trade acheived
Trade closed: target reached
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.
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.