Post dump counter-trade retrace.
XBTUSD went down to 4190 where we found a support for the moment.
There was no big retracement, so I presume one might happen in the upcoming days.
Im playing long for a retrace.
This a counter-trend trade, so SL is mandatory!
Remember, at any given moment anything can happen, the price is never too low nor too high.
Max leverage recommended: 1:10, ideally 1:5. Dont invest more than 10% of your whole depo.
Buy: 4300-4400
Sell: 5495 (MMD diamond and fibo 0.618)
R/R: 3:1
SL: 4028 (support from 15/08/2017)
There was no big retracement, so I presume one might happen in the upcoming days.
Im playing long for a retrace.
This a counter-trend trade, so SL is mandatory!
Remember, at any given moment anything can happen, the price is never too low nor too high.
Max leverage recommended: 1:10, ideally 1:5. Dont invest more than 10% of your whole depo.
Buy: 4300-4400
Sell: 5495 (MMD diamond and fibo 0.618)
R/R: 3:1
SL: 4028 (support from 15/08/2017)
Note
Looking good, moving SL to entry level.Trade closed manually
Amended SL reached.Bears still in play.
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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.