LTC Watch for bullish reversal up move
Hello traders:
Finally are seeing some goof bullish price action across the cryptos, and LTC is looking good for the bullish reversals.
We can see after the bearish impulse down, price begin to form into this descending like structure, correcting the price.
The latest price formed a double bottom, and a strong bullish impulse breaking out of the structure.
Now I would wait for last confirmation of a bullish continuation correction, as well as an Inverse Head and Shoulder price action to add confluence to the entry.
Thank you
Structurep
Weekly Trade Recaps: BTCUSD, SUGAR, AUDNZD, CADJPY Jan 01 2020Hello everyone:
Welcome to 2021 :) Hope everyone had a wonderful time with their family, friends and others. Looking forward to what 2021 will bring for us in trading :)
Let's take a look at the 2 positions that I entered from last week, as well as the 2 trades that were closed down as well.
BTCUSD - Currently running about 1.5:1 Profit. As the price broke the previous tops of the correction, I moved my SL to BE.
SUGAR - Currently running about 1:1 Profit. I moved my SL to BE now.
AUDNZD - SL hit for 3:1 profit. Was happy with the management approach that I made. Even if the price seems to continue going up, I am fine with the result.
CADJPY - Closed down both trades. Result in BE for total. I knew the risk when I entered the second trade, and it's always in my risk management plan to move my first trade’s SL to 1:1 profit to protect my account.
Any questions, comments or feedback please let me know :)
Thank you