PAIR:- XLMUSD
INSTRUMENT:- CRYPTO
POSITION:- Long
STRATEGY:- Dow Theory + Candlestick Pattern
REASON:-
* Multiple hammers + engulfing
* Bearish candles getting smaller and smaller (momentum loss)
* Bulls are starting to step with 3 consecutive bullish candles, trying to catch from the bottom and ride the uptrend wave
Entry @ CMP
Take Profit @ 0.117981
Stop loss @ 0.106564
Risk to Reward:- 2:1
INSTRUMENT:- CRYPTO
POSITION:- Long
STRATEGY:- Dow Theory + Candlestick Pattern
REASON:-
* Multiple hammers + engulfing
* Bearish candles getting smaller and smaller (momentum loss)
* Bulls are starting to step with 3 consecutive bullish candles, trying to catch from the bottom and ride the uptrend wave
Entry @ CMP
Take Profit @ 0.117981
Stop loss @ 0.106564
Risk to Reward:- 2:1
Trade closed: stop reached:
Stop Loss reached.
Learning Outcome:- (will be updated soon)
Learning Outcome:- (will be updated soon)