Short
BITMEX EOSM19 Short @ 0.0008900
Ichimoku Cloud 5m, 15m, 30m, 45m showing a bearish trend.
We will hop on the train and sell short @ 0.0008900
Stop loss @ 0.0008950
Take profit at 0.0008850, 0.0008800 and 0.0008700.
With the ichomoku Kumo (cloud) being bearish, we can see that the bearish trend has nearly fully developed. Although not possible to catch the beginning on the trend since it's trading within the cloud, it is more to wait till the trend is confirmed.
We use the Chinkou Span to confirm whether the trend is fully formed. That happens when the light blue line crosses under the price.
Holding period 12 hours.
We will hop on the train and sell short @ 0.0008900
Stop loss @ 0.0008950
Take profit at 0.0008850, 0.0008800 and 0.0008700.
With the ichomoku Kumo (cloud) being bearish, we can see that the bearish trend has nearly fully developed. Although not possible to catch the beginning on the trend since it's trading within the cloud, it is more to wait till the trend is confirmed.
We use the Chinkou Span to confirm whether the trend is fully formed. That happens when the light blue line crosses under the price.
Holding period 12 hours.
Note
Position exited at 0.0008800, 0.0008700.Went long @ 0.0008700
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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.