BTC Retrace on FOMC Hikes for BINANCE:BTCUSD by Vortext

fibonacci supportandresistance fomc btc shortsetup

War, Plague, Shortages, Graft, Fraud, FOMC Hawk and Inflation...Fundamentals
Fib retrace to the .786...Technical

Comment:

This is not financial advice just common sense!

Comment:

Moved the stop to break even. This is now a risk free trade.

Comment:

Boom! A successful 1 to 3 RR (risk to reward) trade was completed using key Fibonacci targets during a Fundie. As you can plainly see $BTCUSD traded very technically as it stepped down to each Fib level but waiting for the appropriate moment to enter was the key (After FOMC sentiment displayed the true direction).

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