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

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
444 0 7
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.

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