BTCUSD - Long Fib Play
Premise:
1. A Hidden Bullish Divergence will form on the hourly
2. Price will return to the green zone for a bullish retrace
Execution:
1. Enter Long from 6196 to 6110
2. Stop Loss at 6000
3. Target 6734
Result:
1. 5.98:1 Reward:Risk trade.
1. A Hidden Bullish Divergence will form on the hourly
2. Price will return to the green zone for a bullish retrace
Execution:
1. Enter Long from 6196 to 6110
2. Stop Loss at 6000
3. Target 6734
Result:
1. 5.98:1 Reward:Risk trade.
Trade closed: target reached
Premise 1 has failed - putting a stop at entry of 6153.Note
Accidentally wrote trade closed - intended to make a comment. Stop is at Entry.
Note
Closed half at 6430Note
Stop moved to 6270Trade closed: stop reached
Target not hit but I did take majority of my profit - its a win nonetheless
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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.