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F me? No F you!
Daily chart analysis
The current Ford chart has a very familiar look to it. If you pull the BTCUSD and look at the period between Dec. 2017 – Nov. 2018, you will see the noticeable similarities.
You have a Parabolic move to higher prices, a crash back down, following by price forming a descending triangle with lower highs into support level.
The BTCUSD descending triangle broke down and price continued crash to lower prices. I am expecting the same to happen here.
Downtrend + Descending Triangle (Bearish pattern) = Short trade. This will be my cue to enter trade short.
Entry: 11.67
Stoploss: 13.20 (-13.11%)
Target: 6.00 (+48.59%)*, 3.71 RR Ratio
*Initial target is 6.00 but price could go as low as 4.75
F me? No F you!
Daily chart analysis
The current Ford chart has a very familiar look to it. If you pull the BTCUSD and look at the period between Dec. 2017 – Nov. 2018, you will see the noticeable similarities.
You have a Parabolic move to higher prices, a crash back down, following by price forming a descending triangle with lower highs into support level.
The BTCUSD descending triangle broke down and price continued crash to lower prices. I am expecting the same to happen here.
Downtrend + Descending Triangle (Bearish pattern) = Short trade. This will be my cue to enter trade short.
Entry: 11.67
Stoploss: 13.20 (-13.11%)
Target: 6.00 (+48.59%)*, 3.71 RR Ratio
*Initial target is 6.00 but price could go as low as 4.75
Trade closed: stop reached:
Stoploss: 13.20 (-13.11%)
Trade active:
Reentering trade
Entry: 14.40
Stop loss: 15.60, -8.33%
Target: 6.00, +58.33%, 7.0 RR ratio
Entry: 14.40
Stop loss: 15.60, -8.33%
Target: 6.00, +58.33%, 7.0 RR ratio
Trade active:
loving the gains!
note the 1st trade was lost but the analysis was right.
note the 1st trade was lost but the analysis was right.
You will see what happens to this company now that Debt Ceiling bill has been signed by President.