H1 TL still holds so there is no structural change at this stage on H1 TF.
M15 we do have bull div and a impulse up with bull flag forming. This is quite a risky trade as H1 structure still hold's so take with care and tight SL.
Wait for solid M15 candle close breaking flag before buying 1st targeting the 100fib (100fib may change depending on the low of the flag.
NFP coming out on Friday so take this into consideration before taking any position.
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
Comment
⋅
BTC M15 broke to the upside but no follow threw with the impulse, Just take the BE trade if you haven't already and wait for next setup. BTC been having long corrections. On the higher TF i'm still looking for more downside.
Comment
⋅
1st target hit for those that waited patiently for it, Move to BE and hold rest for longer term looking to add to position.
I would put invalidation around 6,250, save yourself $50
Boon2
⋅
@hubavka, Thanks for your comment. Invalidation point is not my SL, The low needs to be broken for this particular setup to fail. You cant put invalidation point within the impulse!
CryptoAddict77
⋅
@Boon2, In that case the trade is no good. risk $100 to make $140
Boon2
⋅
@hubavka, I haven given away exactly how I trade, Everyone needs to use there own system for entry, exit and SL. I did mention that this is a risky trade as there is no trend on M15 therefore only experience trader's need apply. This is just an idea, Not a trading system!
@hubavka, I don't think anyone on here gives there full system away for free, If there is someone let us know and i'll check it out and see how reliable it is.