BTC-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOUR
Updated
This trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. BITCOIN (BTC) is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bearish AB= CD Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ if Divergence will be observed at PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of BTC-USD pair till PRZ.
Trade closed: stop reached
Price Action reversed before hitting Tp1. Trade closed.
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