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Long-trade

BTCUSD 12h obvious long tradeAfter forming a beautiful double bottom pattern, BTCUSD clears key resistance level at 11600, which coincides with it reclaiming previous rising resistance line as a support. In addition it moves above ema20. MACD prints a buy trade signal as well. We therefore enter a long position, targeting 12500-13000 area and placing stop loss below the recent double bottom. We will also consider exiting the trade if MACD shows a sell signal and/or RSI moves into the overbought area above 75
KRAKEN:BTCUSDLong
by PurseLance
GBPSEK Long / Buy - Double BottomReasons I took this trade: - Double bottom formed on the larger timeframe / Bounce of strong resistance. - Pair is oversold on many timeframes. - Tight stop loss / Good R:R (Risk:Reward Ratio) - Strong BULLISH candle on 1h timeframe ( Piercing Line Pattern & Possible Bullish Hammer ) - MACD crossover Entry : 11.44453 (roughly) Stop Loss: 11.39150 TP1: 11.54250 TP2: 11.65475 Please check against your own analysis BEFORE taking this trade and make sure you are happy to enter. Open to any critique or advice :)
Long
by robertofiorentino9