Long
ARN/BTC
3 Reasons
Location: Within RLZ
Momentum: Bullish Divergence confirmed, W confirmed in Willy.
Structure: Double Bottom structure forming, entry at confirmation and risk against structure low.
Profit objective: 2:1 R/R min
Location: Within RLZ
Momentum: Bullish Divergence confirmed, W confirmed in Willy.
Structure: Double Bottom structure forming, entry at confirmation and risk against structure low.
Profit objective: 2:1 R/R min
Trade closed: stop reached
Our Stoploss was hit and we have exited this trade. The Double bottom was confirmed however the rally was not strong enough to keep the momentum.Note
It took awhile but eventually our target was hit. If we had not set a stop we would have gotten our trade! Next time =)
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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.