BCHUSD - FALL CONFIGURATION

מעודכן
The H4 Elephant Bar, which announced the fall, did not favour risk management, as it left us without a stop loss option.

The bar that followed the elephant bar was of little significance and revealed the possibility of a correction of 2/3 of the previous bar without, however, losing the downward configuration. For this reason, our sell entry is at a future point around 445.90. Selling at this point gives us a good stop-loss location with risk-reward = 3.

Multi-time Fibo clouds are aligned and compressed for selling and are the main filter and guidance for this trade.

Translated with DeepL.com (free version)
עסקה סגורה: היעד הושג
According to the Trade Plan, the sale was activated during the correction of 2/3 of the Elephant Bar, at the exact moment when the reference line of 445.90 was touched in the early morning of May 13. Partial realization of 60% of the invested capital was triggered when the candles touched the 424.50 line, leaving a partial profit of +4.90%. While waiting for the second target to be reached, the stop loss was moved to 448.50. The risk management described and practiced here is the same as that used in all our studies published here. It's worth noting that by following this risk management approach, the partial result was preserved and the risk of losing the trade was practically non-existent at this point. New operations in crypto and equities will be published in the coming months. Follow us if you are interested in receiving these studies and their step-by-step updates
Trend Analysis

פרסומים קשורים

כתב ויתור