FullTimeTrader

BTCUSDT - 1H - Diamond pattern near breakout

Long
FullTimeTrader Updated   
BITSTAMP:BTCUSD   Bitcoin
We can see a diamond pattern is forming, this is a reversal structure.

Strategy is:

1) Wait for trendline breakout (near 19200)
2) Stop loss is last low (18510)
3) Ideal target is diamond height (near 20876)

Active managing the trade is needed.

Lets see!!

Please like and follow.

Best regards.

Trade active:
trade is active, i move SL to BE
Trade closed: target reached:
First target hit.
Second target not hit, close on BE.

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