finsIe

BCH(BAB)/USD - The Short Setup!

Short
finsIe Updated   
BITFINEX:BABUSD   None
Hello traders,

2 scenarios I see that will play out.

The first one is we simply just go down from here to complete the 123 flat. (If you choose to take this trade, you want to risk less than what you usually do, because it is only a 1:1 RR).

SO - 307.1
TP - 283
SL - 331.33

The second scenario that is also viable based on my forecast is, up from here to complete a smaller correction within the same 123 flat then we head down to the same target.

LO - 318.5
TP - 283
SL - 331.33


If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to follow, I will be posting forecasts & trade setups daily.

Thank you,
Good luck
Comment:
If you took the first trade, sit tight and don't worry. Pattern remains the same, down move will come!
Comment:
BOOM! There we go, let us move our stops to break even now and get some popcorn! Enjoy the show folks, more coming soon!
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