The price action is setting up for a renewed bullish move up. Our entry rule must be met in order to go long. The rule is: the price must trade at or above the 'A' value line of 17850 for at least half the Opening Range of 30 minutes. So, if in 15 minutes the price completes this action, we can go long. Then place stop loss at the Opening Range low of 17734. Stay...
See the setup for a bullish scenario with pullbacks possible to cover previous gaps up, creating buying opportunities. Often times the gaps in price action will have a tendency to be covered by future price action. These areas act as support and resistance and magnets for price action to retrace and afterward continue the underlying trend.
This chart will give you a better view to the ongoing trade "Go Long BTCUSD", with all indicators in visible (Pivots, Opening Range) to see the trade progression, trailing stop losses and profit targets. What you are seeing here is trade management. By managing the trade properly we are able quickly eliminate the risk of the trade being a losing trade, by bringing...