I am a trend follower, BTCUSD has projected a bullish trendline on the 1H timeframe, forming candlestick patterns that align with the trendline each time price respects the trendline. I have 3 confluences as to why i will be executing this trade. (1) We have established a bullish trendline which has never been broken, (2) A candlestick pattern has been projected on the trendline (Pinbar), (3) The risk-to-reward ratio is 1:4.
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.