After watching another trading video, I noticed when checking H4 BTC that it formed double top and it breaks it's neckline as you can see in the current chart.
Now, that it is going down, I go to the H1 and place a fake short trade SL before the support from previous major level of structure. Let's see if my analysis is correct 😉
Note: This is not a signal. This is just an application based on the analysis that I learned and testing it out. Share your ideas, and suggestions by commenting below to help me improve my trading analysis. Thank you!
Now, that it is going down, I go to the H1 and place a fake short trade SL before the support from previous major level of structure. Let's see if my analysis is correct 😉
Note: This is not a signal. This is just an application based on the analysis that I learned and testing it out. Share your ideas, and suggestions by commenting below to help me improve my trading analysis. Thank you!
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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.