BTCUSD - Local Swing Fib Short
Premise:
1. The 4hr Hidden Bearish Divergence will cross at a possible sign of weakness (some sort of distribution/reversal pattern on lower timeframes) on the SRSI. The RSI beardiv is confirmed.
2. The OTE will be where this Bearish Divergence crosses
3. The former support during the trade will get cut through - if the 4hr recrosses backward into positive territory, the divergence is invalidated
Execution:
1. 1:2:3 entry at 4020, 4100, 4175, hedge + 2x cross short
2. Stop at 4371
3. Target 1 : 3607
4. Target 2 : 3000
Result:
1. A 6:1 RR trade is completed.
1. The 4hr Hidden Bearish Divergence will cross at a possible sign of weakness (some sort of distribution/reversal pattern on lower timeframes) on the SRSI. The RSI beardiv is confirmed.
2. The OTE will be where this Bearish Divergence crosses
3. The former support during the trade will get cut through - if the 4hr recrosses backward into positive territory, the divergence is invalidated
Execution:
1. 1:2:3 entry at 4020, 4100, 4175, hedge + 2x cross short
2. Stop at 4371
3. Target 1 : 3607
4. Target 2 : 3000
Result:
1. A 6:1 RR trade is completed.
Nota
Shorting here.Nota
Hedged. May not go that high, will double down at retraces later if need be.Nota
Exited hedge
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.