BTC Price Action Short Entry Example - **ACTIVE**

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
455 0
An example of a short entry on a 4hr chart for direction, using Fibonacci retracements from previous large moves and previous support / resistance for entries and profit targets.

Entry on flag.

Initial stop placed 5 pips above previous candle.

2 to 1 Risk:Reward, profit target 1 hit and stop moved to break even.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out