BTCUSDT & SOLUSDT, Fri 06 Sep, Thanks ICT!
What I expected during the week and especially mentioned in yesterday's idea, happened today.
What was I looking for?
I was looking for a short sharp and fast position.
I only trade Sol, but I put the price action of Bitcoin as a reference.
For example:
Sol and Bitcoin prices were in the discount area before the New York session.
According to ICT concepts, the starting point of a good and sharp short (trigger point to enter the trade) is when the price is in the premium area.
In the New York session (between 10 and 11), the price of Bitcoin had touched 50% Fibo, but the price of Sol was a little far from reaching its 50% Fibo.
Therefore, when the price of Bitcoin reached 50% Fibo and its price started to go down,
In the Sol price chart, I looked for short setup and entry into the trade.
And as I expected, the price reached the target (122).
The duration of this trade was about 8 hours.
Wish you enjoy your trades in this week!
Happy Weekend!
What was I looking for?
I was looking for a short sharp and fast position.
I only trade Sol, but I put the price action of Bitcoin as a reference.
For example:
Sol and Bitcoin prices were in the discount area before the New York session.
According to ICT concepts, the starting point of a good and sharp short (trigger point to enter the trade) is when the price is in the premium area.
In the New York session (between 10 and 11), the price of Bitcoin had touched 50% Fibo, but the price of Sol was a little far from reaching its 50% Fibo.
Therefore, when the price of Bitcoin reached 50% Fibo and its price started to go down,
In the Sol price chart, I looked for short setup and entry into the trade.
And as I expected, the price reached the target (122).
The duration of this trade was about 8 hours.
Wish you enjoy your trades in this week!
Happy Weekend!
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