STRONG REJECTION AT CRITICAL BULLISH LEVEL
+
BEAR FLAG FORMING AT 4HR TIME FRAME
=
LOOKING FOR SHORT SETUPS
KEEPING IT SIMPLE. WML
___________________________________________________
Specifics:
Entering SHORT at break of 7700 support:
TARGET 1 - 7299
TARGET 2 - 6750
TARGET 3 - 6200
Stop loss - 8120
Criteria:
- Inverse AOTS
- Bear Flag pattern
Entry Criteria:
- Breakout and close past 7700
- High volume upon breakout
+
BEAR FLAG FORMING AT 4HR TIME FRAME
=
LOOKING FOR SHORT SETUPS
KEEPING IT SIMPLE. WML
___________________________________________________
Specifics:
Entering SHORT at break of 7700 support:
TARGET 1 - 7299
TARGET 2 - 6750
TARGET 3 - 6200
Stop loss - 8120
Criteria:
- Inverse AOTS
- Bear Flag pattern
Entry Criteria:
- Breakout and close past 7700
- High volume upon breakout
Note
Target 1 and Target 2 hit. Closed 50% of position. XBTUSD broke out of a 15 min falling wedge. Looking for another short position around 7250 - 7600
Note
Correction:Looking for short @ 7130 - 7250. Reasons:
- Between 0.618 & 0.5 Fib retrace
- 7250 Resistance
- 20MA Resistance
Note
Closed remaining 50% of my position at 8850 as I went to bed. Trying to protect my profit (I had a hunch that price may go back up to 7500).
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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.