Time frame may vary.
Break in trend is not enough conviction for longs and price could continue in the same direction.
Long entry's only after change in market structure.
R:R will depend on smaller time frame market structure.
Always set stop Loss below previous higher low (Long) or lower high (short)
Break in trend is not enough conviction for longs and price could continue in the same direction.
Long entry's only after change in market structure.
R:R will depend on smaller time frame market structure.
Always set stop Loss below previous higher low (Long) or lower high (short)
Note
Option A) triggered. Entry after bullish engulfing daily candle broke trend and reclaimed/tested ~$34.5k as support.Option B) is next in line unless we range between
39K and $34.5k a bit longer.
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.
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.