Anticipating a bullish rally this weekend on BTCUSD
Updated
After an aggressive sell-off, finished by what looks to be an exhaustion bar, my ideal trade will be enter long on the 4 hour order block and ride price action up to the daily order block, where I expect lots lots of selling pressure to come through. I think it's very possible that price will surge to the 50% retracement of that OB where it will be the consequent encroachment of the fair value gap.
Orders are set and now I let the trade play out.
All the best,
The Meditader
Orders are set and now I let the trade play out.
All the best,
The Meditader
Comment
UDATE: After seeing a strong reaction in my entry zone, I've taken both my positions and have adjusted my position size to match my risk tolerance.
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