A chart with immense Risk-reward ratio. We cleaned the range lows and the local lows for liquidity so I guess the next move should be up. We have also broken a major downtrend line which is currently being retested so that is additional confluence. Entry for me should be between 0.0037-0.0039 and half my position has been opened 0.00388. Clean Invalidation and looking for range highs. I'll cut if I see weakness or we can't clear 0.00415.
Trade active:
All entries reached. Now we wait for a reaction. Need a swift bounce and we start closing below the green support zone I might cut the trade and look for another entry lower.
Comment:
Thats a pumperonni pizza right there
Comment:
We broke out and retested trendline resistance but still struggling at horizontal resistance. Close above 0.00414 on the daily and this flies.
Trade closed manually:
Cut most of this at 0.0042 and 0.004. Not holding this anymore on leverage.