Already in trade. Entered with breakout of consolidation (circled) High risk trade. Trade may bounce LONG from the upper border of channel. Careful. 1.648 is possible.
RR is about 2.4:1; 5:1 for both set-up Best to set both as different trades. This pattern MAY eventually form an Inverse head and shoulder, before it breakouts to the second set-up. enjoy!
Has earlier proposed - short from that Double Top. Fall can reach 19.9K -evidently below proposed level. Altcoins should fall cold. #ToTheEarth
Another entry spotted Twine of Support now reisistance, and Double bottom.
Bearish breakout first Then short to pink, or to trendline- depends on the consolidation herein. In fact, If it will throwback bearish, I expect it to consolidate longer till say next week. @Smilq
Another Entry opportunity. Retest of now Resistance / Swing to Trendline. Well, reversal pattern paramount. Do set your trap well. Chilax at 1.378. Then fire on. @Smilq
Possible pullback to the pink. In the end, It should be a bearish move, herein time span. @Smilq
Estimating trade to span for about 2 months. There are refreshment stops along the way though. or where one could just run away from trade with ment guffaw Basically, a Double Bottom can form Will it? @Smilq
Trading a perhaps* Bearish flag. *Perhaps, because, despite such Bearish momentum, anything aye still possible. After TP1 clicks, If the market shows more of Bullish possibilities. Then RR should be... you know what, "hold my drink" Ok, For trade, setting two entries. Same SL, different TP. If TP1 hit, and TP2 doesn't. Then RR becomes about 9:1, instead of...
just now I like 'false breakout' because they are potential for great rewards. Here is one. At least 8:1. If it triggers through
Double Bottom || Trading within a triangle GBP still on longs