BTC Long - Stoploss - TP1 - TP2
Updated
Just a trading idea for a long on BTC.
Price has swept liquidity from the low on 1st March (1600 UTC). There is potential support from the London Session Low on 1st March.
Always have a stoploss in place. Stoploss is 1% and lower than the low put in on 1st March (1000 UTC).
TP1 is within a price range of 43580 to 43720 due to 3 previous session high/lows.
TP2 is within a price range of 44300 to 44350 due to 2 previous session highs.
Move stoploss into profit when TP1 is hit.
Price has swept liquidity from the low on 1st March (1600 UTC). There is potential support from the London Session Low on 1st March.
Always have a stoploss in place. Stoploss is 1% and lower than the low put in on 1st March (1000 UTC).
TP1 is within a price range of 43580 to 43720 due to 3 previous session high/lows.
TP2 is within a price range of 44300 to 44350 due to 2 previous session highs.
Move stoploss into profit when TP1 is hit.
Trade active
Take Profit 1 hit.Stoploss move to in profit.
Trade closed manually
Stoploss hit (which was in profit). Lesson from this was that I was waiting for a reaction at 1400, but did not re-plan my trade.
Summary
TP1 hit, Stoploss moved to profit. Price action hit Stoploss.
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