BTCUSD just broke out of the symmetric triangle pattern Target 1160 SL 1018
Note
Bought at a pull back @1060
Note
Moving my SL to 1079
Note
Current market price is 1097. I have reduced my target to 1100. Symmetric triangle length is 60 USD. So a reasonable profit of 60 USD can be expected from the point of breakout (1040).
I am still bullish about BTCUSD and confident about 1160.
Note
A pattern similar to megaphone pattern is being observed on 5 min chart. Expecting a breakout again!
Note
moved my SL to 1090 and target to 1115
Trade closed manually
Trailing SL hit at 1090 Booked a decent profit f $30 (from 1060 to 1090)
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.