BitcoinShort
BTCUSD - Local Trend Short
Updated
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
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