Analysis on chart, risk 1-2% on each entry.
One at market now, and one at 2492.61, stop 2210 for both.
You can book partial profits at this month's high, if and once we retest it.
BTCCNY is currently above the downtrend mode, and has created an 11 month buy signal, while RgMov is trending up and broke the all time high!
This is no small feat, BTCCNY to the moon people.
For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group, where I share trade setups and also provide traders with training, as well as 2 private webinars per week, and also giving tutoring via skype calls, on a one on one basis.
See the GBPAUD-0.93% idea for an example of the kind of work that I do.
Cheers,
Ivan Labrie
Time at Mode FX
One at market now, and one at 2492.61, stop 2210 for both.
You can book partial profits at this month's high, if and once we retest it.
BTCCNY is currently above the downtrend mode, and has created an 11 month buy signal, while RgMov is trending up and broke the all time high!
This is no small feat, BTCCNY to the moon people.
For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group, where I share trade setups and also provide traders with training, as well as 2 private webinars per week, and also giving tutoring via skype calls, on a one on one basis.
See the GBPAUD-0.93% idea for an example of the kind of work that I do.
Cheers,
Ivan Labrie
Time at Mode FX
Trade active:
Comment:
Up we go.
Up we go.
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Stamp view:
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BTCCHINA:
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Some selling pressure but no big player in sight.
Buyers stepped in after the selling stopped.
2:25 hours to go. As long as not moving below the blue line, bullish signal might happen.
Wait for the close. Set alerts to indicate when the blue line is taken.
Buyers stepped in after the selling stopped.
2:25 hours to go. As long as not moving below the blue line, bullish signal might happen.
Wait for the close. Set alerts to indicate when the blue line is taken.
Comment:
Heading for an inside day close I think.
Building volume at one price, drifting up and down.
Building volume at one price, drifting up and down.
Comment:
4h has broken an important low volume support.
Careful if long.
You can cover half and wait...if stop hit, didn't lose 100% of the risk size, if not, it can still work.
Careful if long.
You can cover half and wait...if stop hit, didn't lose 100% of the risk size, if not, it can still work.
Comment:
Time ran out and target failed to get hit, we might be getting into a big triangle consolidation for a while.
Downtrend failure, seems like buyers exist and are holding price up there.