PAIR:- XLMUSD
INSTRUMENT:- CRYPTO
POSITION:- Long
STRATEGY:- Dow Theory + Candlestick Pattern
REASON:-
* Multiple hammers + engulfing
* Bearish candles getting smaller and smaller (momentum loss)
* Bulls are starting to step with 3 consecutive bullish candles, trying to catch from the bottom and ride the uptrend wave
Entry @ CMP
Take Profit @ 0.117981
Stop loss @ 0.106564
Risk to Reward:- 2:1
INSTRUMENT:- CRYPTO
POSITION:- Long
STRATEGY:- Dow Theory + Candlestick Pattern
REASON:-
* Multiple hammers + engulfing
* Bearish candles getting smaller and smaller (momentum loss)
* Bulls are starting to step with 3 consecutive bullish candles, trying to catch from the bottom and ride the uptrend wave
Entry @ CMP
Take Profit @ 0.117981
Stop loss @ 0.106564
Risk to Reward:- 2:1
Trade closed: stop reached
Stop Loss reached.Learning Outcome:- (will be updated soon)
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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.