BTCUSD / Bitcoin Trade Idea
Updated
After reaching the target I'm looking to new setup. Currently I'm looking to position myself in short till we reach point A.
A) I want to see rejection of that level with bullish closure of higher timeframes = Long
B) I'll trail short a bit more in this case and look to long in point B with same criteria.
BUT I'll be more conservative and not have big expectations to reach higher prices labeled on chart (red line on top). That level is likely for scenario A in my perspective for now as I don't want to hold a position too long on those levels.
A) I want to see rejection of that level with bullish closure of higher timeframes = Long
B) I'll trail short a bit more in this case and look to long in point B with same criteria.
BUT I'll be more conservative and not have big expectations to reach higher prices labeled on chart (red line on top). That level is likely for scenario A in my perspective for now as I don't want to hold a position too long on those levels.
Trade closed: target reached
Another textbook setup
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