We have a H&S on 1h timeframe , and we are about to complete right shoulder.
Fib 0.618 is @ 6452
Left shoulder was @ 6463
We have also the top of the descending triangle @ same level with LS
I will initiate a short position:
10x
Sell 6440
TP.1 5020
TP.2. 4400
SL: 6580
Great Risk: Reward ......We can lose only 22% ...or we can win 128% - 146%
Cheers!
Fib 0.618 is @ 6452
Left shoulder was @ 6463
We have also the top of the descending triangle @ same level with LS
I will initiate a short position:
10x
Sell 6440
TP.1 5020
TP.2. 4400
SL: 6580
Great Risk: Reward ......We can lose only 22% ...or we can win 128% - 146%
Cheers!
Trade active
Trade active...I expect a retest of 89MA and a liquidation of shorts @ 6450/6500 area
Trade active
I personally I have a pending order BITMEX
SHORT @ 6450
18x
TP.1 5000
TP.2 4450
SL. 6620
If this play out : 1. I can lose 47.5 % or
2. I can win 520% - 800 %
Risk / Reward 1:10
Let's see!
PS. If this is a complete winning trade then we have a big buy @ 4400 (Fib. 0786)
Trade active
let's see breakout of triangle 10 min chart ...I expect up until 6450-6500Trade active
Trade active...waiting for fill up my orderI expect we will stop @ 6500 area ...SL hunting
Trade closed: stop reached
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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.