BTCUSD just broke out of the symmetric triangle pattern Target 1160 SL 1018
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Bought at a pull back @1060
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Moving my SL to 1079
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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.
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A pattern similar to megaphone pattern is being observed on 5 min chart. Expecting a breakout again!
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moved my SL to 1090 and target to 1115
Trade closed manually
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Trailing SL hit at 1090 Booked a decent profit f $30 (from 1060 to 1090)