Chart Analysis:
1- Uptrend channel - VALID
2- Downtrend channel - EXPIRED
3- Tenkan > Kijun - VALID in H4 chart.
4- Price vs Kumo - Sideway in Daily chart / Downtrend in H4 chart / Uptrend in H1 chart.
5- Higher low in H4 chart - VALID since 22/12/2017
Trade Idea : Long entry setup has appeared in H4 chart but not a strong long entry. May take a trade with SL according to own MM.
I take responsibility on my own trade.
1- Uptrend channel - VALID
2- Downtrend channel - EXPIRED
3- Tenkan > Kijun - VALID in H4 chart.
4- Price vs Kumo - Sideway in Daily chart / Downtrend in H4 chart / Uptrend in H1 chart.
5- Higher low in H4 chart - VALID since 22/12/2017
Trade Idea : Long entry setup has appeared in H4 chart but not a strong long entry. May take a trade with SL according to own MM.
I take responsibility on my own trade.
Comment:
Update base on new structure..
Comment:
Overview on Daily Chart.
Trade closed: stop reached:
BTCUSD breakdown triangle. Stop reached. Now BTC in downtrend in Daily/H4/H1 chart. Looking for retracement for short setup.