We can see that BTCUSD consolidated a and ended up given us a possible sell.
To my point of view, we can take a sell position at an Entry = 117878.44 with a proper calculated risk of a SL = 118285.00.
With this short position we can expect to take our profits at the following zones:
TP1: 117509.65
TP2: 117386.65
TP3: 117267.62
TP4: 117066.41
The takes profits are a calculated Risk Reward Ratio of 1.00 to 2.00
It is advisable to use a small lot size or according to your account
To my point of view, we can take a sell position at an Entry = 117878.44 with a proper calculated risk of a SL = 118285.00.
With this short position we can expect to take our profits at the following zones:
TP1: 117509.65
TP2: 117386.65
TP3: 117267.62
TP4: 117066.41
The takes profits are a calculated Risk Reward Ratio of 1.00 to 2.00
It is advisable to use a small lot size or according to your account
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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.
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.