This is a riskier trade since we're entering at support, ahead of confirmation, but the USD or EUR pairs are currently in an uptrend, and we're observing a retracement in BTCUSD/CNY pairs currently, so we have decent odds here.
If you're less risk averse than me, you can shrink the stop loss distance here, and go with a stop at 0.0197.
Check out my updated track record here: http://pastebin.com/6CyyqnPT
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Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
Weekly uptrend confirmed now!