BitcoinShort
BTCUSD - Intraday Short Fib Play
Updated
Premise:
1. M15 Regular Bearish Div will appear,
2. The hourly will go overbought (not shown here),
3. This will happen in four candles giving plenty time for the hourly candles to close
Execution:
1. Scale entry : 6748-6769 1x cross
2. Stop Loss : 6800
3. Target 6622
Result:
1. 2.57:1 Reward:Risk trade.
1. M15 Regular Bearish Div will appear,
2. The hourly will go overbought (not shown here),
3. This will happen in four candles giving plenty time for the hourly candles to close
Execution:
1. Scale entry : 6748-6769 1x cross
2. Stop Loss : 6800
3. Target 6622
Result:
1. 2.57:1 Reward:Risk trade.
Note
My short entry didn't hit on Bitmex - this chart however looks perfect.I'd move my stop loss to breakeven now.
Trade active
Entry was fully filled (and to the exact range).Trade closed: target reached
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