This is not a prediction this is a plan..
If this happens do this..
The plan here is IF BTC 1. breaks below PWO - Previous Week Open, 2.Breaks below rising Trendline, 3.Breaks below R2-H (Range 2 High(thats the trigger to go short with Targets marked on chart.
Target 1 = R1-L (Range 1 Low)
Target 2 = R2-Mid (Range 2 Mid)
Notice the inefficient and fast move up noted on the chart. these usually get filled so if we trade in to this candle range i suspect a fast down move to follow.
If this happens do this..
The plan here is IF BTC 1. breaks below PWO - Previous Week Open, 2.Breaks below rising Trendline, 3.Breaks below R2-H (Range 2 High(thats the trigger to go short with Targets marked on chart.
Target 1 = R1-L (Range 1 Low)
Target 2 = R2-Mid (Range 2 Mid)
Notice the inefficient and fast move up noted on the chart. these usually get filled so if we trade in to this candle range i suspect a fast down move to follow.
Note
Target 2 insight Short win.
Missed the trigger.
somtime these just dump and you have to get involved fast with a wide stop as they dont giv3e you the retrace and let you in.
Trade closed: target reached
All targets inhaled
Related publications
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.
Related publications
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.