cheesetoast
Short

EOSBTC short opportunity

BITFINEX:EOSBTC   EOS / Bitcoin
Failed break out of a descending channel . Favoring the downtrend to continue.

There is a head and shoulders forming that I intend to short. Will wait for price to confirm before entering.

Profit target is a Fib cluster just below. Stops above the right shoulder after entry.

Please give this trade idea a THUMBS UP and I will keep you updated!

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade active: Triggered while posting. In position, place stops above right shoulder and set target.

Now forget it and wait.
Trade active: Looking good so far. Good idea to reduce risk (e g half stop loss or move to BE)
Trade closed manually: Out for break-even
Comment: Second chance draw?
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