LTCUSD - 40% Cyclical Trade? Bear Contiunes?

12 พ.ย. 2018

Hey traders!

I'm looking at this short trade as we continue to trade below the EMA50. Some very interesting market structure here, and we can see a potential breakdown of this descending triangle. However, we need to be careful as we have a very strong support level (major 0.88 fibo) just below the breakout level.

***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK

14 พ.ย. 2018

บันทึกช่วยจำ

Crossing out confirmation line! Daily candle close will confirm.

14 พ.ย. 2018

บันทึกช่วยจำ

Now at support. This selloff has been aggressive, and it will escalate once the support level is confirmed broken.

17 พ.ย. 2018

บันทึกช่วยจำ

Daily candle has now closed below support level:

19 พ.ย. 2018

บันทึกช่วยจำ

We're approaching the edge of the trading range at $35 so things may need to consolidate before further bloodletting to approx. $20.

21 พ.ย. 2018

บันทึกช่วยจำ

MAN this market moves fast... but we need to consolidate a bit in order to hit our target.

25 พ.ย. 2018

บันทึกช่วยจำ

HIT TP! Cheers,!

25 พ.ย. 2018

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

12 ธ.ค. 2018

บันทึกช่วยจำ

Still sinking in this pair.

14 ธ.ค. 2018

บันทึกช่วยจำ

Breakout!

17 ธ.ค. 2018

บันทึกช่วยจำ

Fakeout! And we've even rallied above the invalidation level for a short trade. Is this is a bull trap?