After the harmonic pattern has completed at the 1.618 retracement and RSI oversold we are looking for a Type 1 reaction to target 1.
Trade active:
My buy stop order was triggered at 0.00278 and looks like we hare having a nice Type 1 reaction here.
Entry: 0.0028 BTC
Stop Loss: 0.0026 BTC (Please note I have moved my stop loss up to break even and this is a free trade.
Target:1 0.0036 BTC
Target: 2 0.00416 BTC
I will watch price action and will exit the trade if trend line support is broken.
Entry: 0.0028 BTC
Stop Loss: 0.0026 BTC (Please note I have moved my stop loss up to break even and this is a free trade.
Target:1 0.0036 BTC
Target: 2 0.00416 BTC
I will watch price action and will exit the trade if trend line support is broken.
Trade active:
Trade closed: target reached:
Target 1 has been reached and 1/2 my position has been closed. According to my trade plan I have moved up my stop loss and will let the other half ride.
Trade active:
I have decided to abandon this harmonic and go with a Gartley. This one is nice.
