Bearish Divergence 1hr BTCUSD
Updated
Noticing slight bearish divergence on the 1 hour chart.
Taking some profits on my open positions and opening a small short position.
Divergence alone is not enough to dictate the next movement however I feel a slight pullback is imminent.
No Targets in place at this time.
Taking some profits on my open positions and opening a small short position.
Divergence alone is not enough to dictate the next movement however I feel a slight pullback is imminent.
No Targets in place at this time.
Trade active
Selling 75% of this position at $54,500. Watching closely for the next move.Trade closed manually
Stop triggered at $57,800. Overall ended with 2.7% profit with the initial move down to $54,500. Stop loss at $57,800 triggered a close of the remaining 25% of the position that was open.
Note
Shouldnt kept this one open, oh well. There are rules in place
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