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Grimland
Aug 17, 2018 2:02 PM

BCH/USD Long Long

Description

BCH is forming a descending broadening wedge
We have to wait for a close above resistance trend line to place a buy order
Though i expect a rejection here followed by the formation of a partial decline which would be even more interesting to buy since partial declines predict the breakout direction (upward) and works 79% of the time
TP as shown in the graph


Trade active

Comment

TP1: 583
TP2: 620

Comment

TP1 hit

Trade closed manually

i took 594 as second target because i see more downwards movement
Comments
Msparky
Going to Zero
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