BCH/M20 Daily/4H Multi timeframe trade setup
BCH has a bullish cross of the Tenkan ( Yellow Line ) above the Kijun ( Dark Blue Line ) on the Daily from a few days ago, and on the 4H it's about to happen if the prices can break the 4H Kijun ( marked with the Horizontal ).
If it breaks above the Kijun on the 4H it will most probably start testing the marked take profit levels above.
First the Cloud on the Daily, then the Lagging span ( Purple line ) on the Kijun. The previous resistance shown by the Daily SSB at TP 3 and if it gets real momentum the top of the Daily cloud.
With 10x leverage, the possible gain is 170% and it would be invalidated on the 4H if the prices would break through the Kijun again towards the downside. Which would also be the technical stop loss level to set, just below the 4H Kijun.
Be careful leverage trading is risky so manage your position sizing accordingly!
If you like my ideas and the work I do, please check out the links in the signature ;).
If it breaks above the Kijun on the 4H it will most probably start testing the marked take profit levels above.
First the Cloud on the Daily, then the Lagging span ( Purple line ) on the Kijun. The previous resistance shown by the Daily SSB at TP 3 and if it gets real momentum the top of the Daily cloud.
With 10x leverage, the possible gain is 170% and it would be invalidated on the 4H if the prices would break through the Kijun again towards the downside. Which would also be the technical stop loss level to set, just below the 4H Kijun.
Be careful leverage trading is risky so manage your position sizing accordingly!
If you like my ideas and the work I do, please check out the links in the signature ;).
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