BTCUSD - Fib Short Swing Play
Updated
Premise:
1. The current unconfirmed hidden divergence will confirm under the 786 fib.
2. The SRSI will then correct downward.
Execution:
1. Scale hedge short between 4625-4743
2. Stop at 4900
3. Target 1 : 4350
4. Target 2 : 3800 (hope not...)
Result:
1. A 6.26:1 RR trade is achieved.
1. The current unconfirmed hidden divergence will confirm under the 786 fib.
2. The SRSI will then correct downward.
Execution:
1. Scale hedge short between 4625-4743
2. Stop at 4900
3. Target 1 : 4350
4. Target 2 : 3800 (hope not...)
Result:
1. A 6.26:1 RR trade is achieved.
Note
Stop moved to breakevenNote
TIMBEERRRRRNote
Target 1 strikeNote
Quick update : Target strike but SRSI didn't correct fully. Holding hedge, stop is now at 4500.
Note
Exited short at 4122.Trade closed: target reached
Note
Broke consistency on the background there. Yes, I admit, I sometimes use night mode.Note
T2 strike
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