Long

BTCUSD Break The downtrend channel to Up

Updated

After the impulse in daily time frame and make a correction to near golden ratio in fib Retracement ,
we can expect the price make a higher high in next week.
Then if the market shift from the bearish to bullish we can make a long position.

ENTRY PRICE= 61200
T/P = 65950
S/L = 59600

Risk/Reward Ratio : 2.97

Order cancelled

As luck would have it; the idea and the position that suggests by this idea, failed before start. because of some fake news about U.S. decision to control the transactions of cryptocurrencies or some other.
Now I think the market is like a "minefield".
from now until Tomorrow I suggest you be patient and wait to see the market reactions when the financial markets will open in monday morning.
good luck.

vr_shabanian

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