BCHUSD 30M SHORT SCALP

Macd is setup for a short, falling below Red signal line heading for 0 level line.
Entry was a sell stop @ 2613.40
Take Profit will be the 50 sma

Comment:

We are currently in a break-hook- pattern on a 15m chart. We are waiting for price to "Go" short to complete the break-hook-go pattern. If price returns above the sell stop entery level then we may be in a "Bear Trap" pattern which price will then continue long.

Comment:

I have added a Bear |Trap Stop Loss and I have changed to a "NEW" 15m 50 sma Profit Target.

Comment:

Since the market seems to be strong today I moved my Bear Trap Stop Loss to the 23.6% fib @ 2636.00

Comment:

I have closed out my trade at the 38.2% @ 2568.00. Entry was at 2613.40.