B&B Pattern was formed in Week time frame. Seeking to enter Long Position at Day time frame. I will long when the price go through resistance
Long Position
Entry Point (EP) : 12600 (Minor Resistance from FR 0.618)
Stop Loss (SL) : 11200 (Minor Support from FR 0.382)
Take Profit (TP) : 19600 (Major Resistance (COP) at week time frame)
Money Managment
I can loss only $1,000 (2% of my portfolio)
From EP to SL, it is 1400.00 Tick = $1,400.00
To loss $1,000, I need to open 0.714 BTC
If I win, I will gain 8400 Tick * 0.714 BTC = 5,997.6 USD
Long Position
Entry Point (EP) : 12600 (Minor Resistance from FR 0.618)
Stop Loss (SL) : 11200 (Minor Support from FR 0.382)
Take Profit (TP) : 19600 (Major Resistance (COP) at week time frame)
Money Managment
I can loss only $1,000 (2% of my portfolio)
From EP to SL, it is 1400.00 Tick = $1,400.00
To loss $1,000, I need to open 0.714 BTC
If I win, I will gain 8400 Tick * 0.714 BTC = 5,997.6 USD
Trade active:
Order filled
Trade closed: stop reached