I have just placed a buy limit order on Bitcoin (BTCUSD) because an ascending channel could be drawn from the H1 timeframe. The TP was set at the previous high in the H1 timeframe, and the SL was placed using a reward/risk ratio of 2:1.
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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.