BTC completed a bearish gartley on the 1H and looking to take 1st target at 38.2 retracement and 2nd target at 61.8 level.
Reason for entry:
Bearish Gartley Pattern
Bearish Divergence on RSI
Price rejection at the top of Bolinger Bands
Reason for entry:
Bearish Gartley Pattern
Bearish Divergence on RSI
Price rejection at the top of Bolinger Bands
Trade active:
Stop loss for this trade at 1.31 ext from X to A
Second chance entry:
Double top
Bearish Divergence on RSI
Second chance entry:
Double top
Bearish Divergence on RSI
Trade active:
Both targets hit. Leaving 10% of initial lot with trailing stop
Comment:
Stop loss was meant to be 1.13 not 1.31
Comment:
Comment:
Fib retracement levels were taken from leg A of Gartley to the highest point of the D leg.