Think like a whale - trade like a whale.
After dropping to 3.5k $ we had a little retrace up to $4400.
A double bottom has been formed and You what that means?
A lot of traders put their SL on that $3.5k
Now what do You do to take their money? Dump it!
I presume there will be an attempt to reach w newer low to get those SL's.
It might not happen today or tommorow, but it will in the next month - You never know.
Buy short, on M15 there is a beautiful H&S pattern.
I marked some P/L for taking profits.
Everything is on the chart, happy trading!
After dropping to 3.5k $ we had a little retrace up to $4400.
A double bottom has been formed and You what that means?
A lot of traders put their SL on that $3.5k
Now what do You do to take their money? Dump it!
I presume there will be an attempt to reach w newer low to get those SL's.
It might not happen today or tommorow, but it will in the next month - You never know.
Buy short, on M15 there is a beautiful H&S pattern.
I marked some P/L for taking profits.
Everything is on the chart, happy trading!
Note
First TP level reachedTrade active
Second TP level reachedTrade closed: target reached
TP1 and TP2 reached.Amended SL to 4020 reached, we have a small pullback for now but I'm still bearish.
Overall gain from this trade with x50 leverage:
TP1 - 180% profit
TP2 - 256% profit
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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.