TareqEsawy

BCH is forming double bottom pattern

Long
TareqEsawy Updated   
BITFINEX:BCHUSD   None
After reaching $1235 support level, BCH shows a rebound from the bottom again, a confirmation of pattern success will be seen by breaking though $1460 levels.

Trade: Buy BCHUSD 1290

TP1 1460
TP2 1660

SL (4H) candle close below 1235
Comment:
First target hit at $1460, +13% profit from entry. Don't forget to book your profits and secure your trade by moving SL to Entry level.

Trade closed: target reached:
Second Target hit and even more than 20 % profit done here in this trade.

Hope you enjoy it.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.