I'm placing my sell limit near $1,271 with a stop near $1,274 and open take profit to capture 50/60 pips. On the other hand, my buying limit is $1,261. Good luck!
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So...this is a placce where I'll be posting some ideas on BTC. What I see...sometimes what I think will happen...but mostly this is a place for LEARNING. I'm new. I'm a noob. But beside the prospect of making $$$ this whole trading thing, this analysis and market reading has really captured my imagination. What a tool it is to be able to read market sentiment...
Another update on this trade idea.
We are following these rules of this strategy:
Step One : Find the currency pair that is showing a high the last 50 candlesticks . (OR low depending on the trade)
Step Two: When we find 50 candle low, it needs to be coupled with RSI reading around 20 or lower. (If it’s a high it needs to be coupled with the RSI reading 80...
Price has consolidated above monthly support at 112.00 with the weekly chart showing a strong hammer candlestick pattern signaling a reversal is soon due. Along with daily showing us a morning star pattern and bullish engulfing patterns, with a break above the daily trend line shown we are potentially looking at at 117.000 being the target as key weekly and...
