TheForexSamurai

BTCUSD H4 - SHORT trade opportunity with APF, divergence...

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
A potential short trade opportunity here with an upcoming APF which is already completed (Bear Bat)). Better wait for confirmation or enter aggressively with buffered SL. The TPs, SL, setup POR, and Entry in.my PRZ as seen in the chart. Good luck and trade responsibly.

Legends:

Blue line: Aggressive entry order
Gray Zone: Potential Reversal Zone (PRZ) - zone of interest to look for a trade
Red dotted line: Stop-loss order
Red dash line: Setup point of ruin (POR) @ 1.13
Green line: Target profit order (TP1 @ 0.382/TP2 @ 0.618)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.