Upon false breakout (Hikkake) signal in 1h chart (not shown), I have loaded up my short position. Bullish momentum is still here, a bit risky. Outside Bar two candles ago (see red labeldown, ongoing upward trend and falling down out of the price channel make me confident that it will play out well.
Stop Loss and target gain are shown (Reward/Risk ratio =1.1).
Stop Loss and target gain are shown (Reward/Risk ratio =1.1).
Trade closed: target reached
What a forecast on market price action!Note
Await next short position based on the next price actionslTrade active
see Comments (entry short is active) - bulls has just failed again
Trade active
what a surprise, but still believe in my short position. However, I had to revise my reward/risk ratio estimate (stop loss, target price levels).
Trade closed: stop reached
Bitcoin comeback when stock market tumbled. This trade failed even though price actions initially moved toward the set target price.
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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.