BTCCNY: Let's add or reenter longs if flat

Simple, we can go long here with good odds for a rally in the intermediate term.

Good luck!

Ivan Labrie.

Comment:

Looks good.

Comment:

Holding for more upside. USDCNH uptrend helps BTC rally.

Trade closed manually:

See updated chart, we booked profit and shorted, support didn't hold, not looking good for bulls.

Comment:

Realized reward/risk here was 4,89:1 if you closed at the top, since we got 77 rmb below our entry only.

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(this is also called "Maximum adverse excursion" and is a good metric to evaluate your trading signals.

www.mypivots.com/dic...dverse-excursion-mae

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More cha-ching'ing.