Long
Bcash swing trade setup for the week
BITFINEX:BCHUSD
Type: Long
Entry: 778
Stop:736.7
Take Profit: 970
Let's ride this 3rd wave
Rationale
- 5 wave followed by ABC completed (1-2 of a 5 wave count)
- Retracement to golden pocket area (61.8-65)
- Broke out the immediate downtrend
Type: Long
Entry: 778
Stop:736.7
Take Profit: 970
Let's ride this 3rd wave
Rationale
- 5 wave followed by ABC completed (1-2 of a 5 wave count)
- Retracement to golden pocket area (61.8-65)
- Broke out the immediate downtrend
Trade closed manually
Taking half my profits here, letting the rest ride it out
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.