[Swing Trade] BITUSD short from HTF resistance
Updated
Hello fellow traders,
This chart should be pretty self-explanatory. At and above entry we have a cluster of HTF resistances. I would argue that this is a relatively low-risk trade because of the confluences at that level. Take a profit when the trade has been completed for 50% and move your stop-loss to entry.
Good luck and happy trading!
Kind regards,
n1d0
This chart should be pretty self-explanatory. At and above entry we have a cluster of HTF resistances. I would argue that this is a relatively low-risk trade because of the confluences at that level. Take a profit when the trade has been completed for 50% and move your stop-loss to entry.
Good luck and happy trading!
Kind regards,
n1d0
Note
For less risk, but lower reward this is a good idea:Above the stop-loss, we have 2 daily levels. You could open 50% of your position on the entry provided in the original idea ($0.786), and open the rest at the 2 daily levels ($0.834). Stop-loss percentage stay the same.
Less risk, but potentially 50% less reward.
Note
Almost there.Trade active
This trade is now activeTrade active
Trade is going well, too bad we are in a weekend.We are at the first support, taking a small profit might be a good idea.
Moving the Stop-Loss to entry might also be a good idea.
Good luck!
Trade closed manually
Well, that's it for me. Closed at break-even.On to a better trade!
Trade closed manually
It seems like it's another episode of "Stick to the Plan"...Note
Stick to the plan next time, have some confidence...Note
My first idea posted on TradingView was fantastic, ironically I chickened out of the trade. Check the original idea and comments.
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