What is up everyone :)
Leaving here a decent trading idea, with a good balance displaying price action with valid Fibonacci levels. The POC (Point of Control) is just at entry which I expect to be broken with strong momentum (or rejected).
If we break above 1815 - or just in time entry - there's a very high probability of the setup making target. At the same time, if we decide to enter at 1815 that provides a 2.4 RRR (Risk-Reward-Ratio), a lower number that I'm usually content with.
If we zoom in, we will see the price contracting even more, displaying a potential fractal triangle. This enables us to enter the market earlier providing an increase of our RRR to 4.43 - the trade I'm down to take :)
Take care,
Vlad The Crypto Trader
Leaving here a decent trading idea, with a good balance displaying price action with valid Fibonacci levels. The POC (Point of Control) is just at entry which I expect to be broken with strong momentum (or rejected).
If we break above 1815 - or just in time entry - there's a very high probability of the setup making target. At the same time, if we decide to enter at 1815 that provides a 2.4 RRR (Risk-Reward-Ratio), a lower number that I'm usually content with.
If we zoom in, we will see the price contracting even more, displaying a potential fractal triangle. This enables us to enter the market earlier providing an increase of our RRR to 4.43 - the trade I'm down to take :)
Take care,
Vlad The Crypto Trader
Trade closed: stop reached:
Not this time around..
Onto the next
Onto the next