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FUNTRADER-Vera
Jun 25, 2018 1:53 PM

LTCUSD: a perfect tight stop loss for a new short trade Short

Litecoin / DollarBitfinex

Description

Please comment below or leave us a like to support.

Traders,

We assumed a higher position as resistance zone for LTC.
Now it turns out could be a lower one.

And using that, we setup a new short trade with a really tight SL on 4h chart, following the same descending trend in DAILY CHART.

Less is more!

Comment

Comment

Again, almost the same pattern

Trade closed: target reached

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Move your sl to your entry, now we are on no risk.

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Trade closed: target reached


Target 2 hit.

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Dont rush to long LTC now.
Even though it looks like a support zone now .
We still need entry signal to confirm.

Comment

This trade was entered at 832 now making $10 in profit.
Comments
Julian-sands
really?
an opening short position at 82.
i am not sure it's a good idea.
FUNTRADER-Vera
@Julian-sands, it could be a wide corrective wave.
cprime
really good stuff. I think you have nailed it. ill be back in a few days to sing your praises if so!
FUNTRADER-Vera
@cprime, thankyou .
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