LTC/USD 4H | Trade Within the Wedge
Hey everyone,
Heres a pretty straightforward idea consisting of a wedge price pattern, and the Ichimoku Cloud. When overall trends are down, and you have a pattern like this always be prepared for the break downward. Have stop losses set, for me it is below the Cloud.
Otherwise, I advise buying on the close above the red Base Line from the Ichimoku since the overall trend is down. The R/R is not the best on this play, but it is extremely easy and you should not really need to reach your stop loss. It either works or it does not.
Heres a pretty straightforward idea consisting of a wedge price pattern, and the Ichimoku Cloud. When overall trends are down, and you have a pattern like this always be prepared for the break downward. Have stop losses set, for me it is below the Cloud.
Otherwise, I advise buying on the close above the red Base Line from the Ichimoku since the overall trend is down. The R/R is not the best on this play, but it is extremely easy and you should not really need to reach your stop loss. It either works or it does not.
Note
Seems to be following the Leading Span A from the cloud. Still keeping an eye on this.
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