Band/USD Bullish Trend Continuation Setup
Hi there. Beginning trader and technical/fundamental analyst, sharing a bullish trend continuation trade learned from the TRI School for Trader Development, my alma mater. *This is posted for entertainment purposes only, not trading or financial advice.
Reasons for trade:
1. (Location) This is a Bullish BoT setup. It retraced more than .33 but less than .66 fib.
2. (Structure)Double bottoms (W) in price action, obv, Willy
and an unconfirmed one in MACD which is positive.
3. (Momentum) Increasing buy volume (green bars), postive Moving Averages cross in OBV and Willy.
4. Some support on Volume Profile
5. Moving averages confluence and price over 30SMA.
6. 3 Lower lows to act as support for price if trend slows or starts to break down.
Risk/Reward 3:1
BANDUSD
Reasons for trade:
1. (Location) This is a Bullish BoT setup. It retraced more than .33 but less than .66 fib.
2. (Structure)Double bottoms (W) in price action, obv, Willy
and an unconfirmed one in MACD which is positive.
3. (Momentum) Increasing buy volume (green bars), postive Moving Averages cross in OBV and Willy.
4. Some support on Volume Profile
5. Moving averages confluence and price over 30SMA.
6. 3 Lower lows to act as support for price if trend slows or starts to break down.
Risk/Reward 3:1
BANDUSD
การซื้อขายยังคงดำเนินอยู่:
Forgot to mention: I appreciate any feedback or alternative views, please share if you have them. Also, large, sudden moves by BTC could, and often times does, invalidate analysis.
การซื้อขายยังคงดำเนินอยู่:
And we are off to the races...
การซื้อขายยังคงดำเนินอยู่:
Getting some wind under its wings.
การซื้อขายยังคงดำเนินอยู่:
Cup in handle sinide cup in handle
การซื้อขายยังคงดำเนินอยู่:
Trade still very much in play.
ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน:
Sold @ scratch