ADAM20 9/5/20 14.00 ADA break out trade falling wedge, price broke resistance @536 (on 4hr) looking for a move to the up side to 1st TP @558 just below resistance @560 level 9RRR 2.1:1
ADAM20 9/5/20 14.00 ADA break out trade falling wedge, price broke resistance @536 (on 4hr) looking for a move to the upside to 1st TP @558 just below resistance @560 level 9RRR 2.1:1
Noticed pull back between 61.8 and 50 Fibs level
looking for continuation of down trend
at time of entry small inverted hammer
enty on @ 558 (10x)
stop @ 557 above 61.8 Fib level
1st TP @ 533
2nd TP@ 511
expecting trade to play out in 3-4 days