Long
OMGBTC spot a trade opportunity
TA:
- Structure support well with a fakebreakout and tail
- Falling wedges breakout trade (conservative)
- retracement golden zone with structure support
- indicator indicate the wave 2 is end with OBV raising and divergent
TP:
- even is 3rd wave formation but I be conservative due to the multiple resistant structure that hold strongly
Conclusion:
I would like to breakout the structure resistant, but I got anthoer setup which may serve better possibility. Based on the RR I will tp for 100% wait for the chart tell you story for next action.
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve
- Structure support well with a fakebreakout and tail
- Falling wedges breakout trade (conservative)
- retracement golden zone with structure support
- indicator indicate the wave 2 is end with OBV raising and divergent
TP:
- even is 3rd wave formation but I be conservative due to the multiple resistant structure that hold strongly
Conclusion:
I would like to breakout the structure resistant, but I got anthoer setup which may serve better possibility. Based on the RR I will tp for 100% wait for the chart tell you story for next action.
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve
Note
It seen like we have a breakout trade, wait for retracement and ride the wave.Trade closed: stop reached
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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.