BCHUSD 30M SHORT SCALP
Updated
Macd is setup for a short, falling below Red signal line heading for 0 level line.
Entry was a sell stop @ 2613.40
Take Profit will be the 50 sma
Entry was a sell stop @ 2613.40
Take Profit will be the 50 sma
Comment
We are currently in a break-hook- pattern on a 15m chart. We are waiting for price to "Go" short to complete the break-hook-go pattern. If price returns above the sell stop entery level then we may be in a "Bear Trap" pattern which price will then continue long.Comment
I have added a Bear |Trap Stop Loss and I have changed to a "NEW" 15m 50 sma Profit Target.Comment
Since the market seems to be strong today I moved my Bear Trap Stop Loss to the 23.6% fib @ 2636.00Comment
I have closed out my trade at the 38.2% @ 2568.00. Entry was at 2613.40.
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