Long
IOPBTC - Breakout Trade Idea
Waiting this one to test recent swing high, drop, base a bit and then break-through upper trendline shown. Thinking it may need to wait until end of day and beginning of next daily candle. But it it breaks out today, look for it to retrace first before entering. Nice R:R ratio to the upside if played properly, these breakouts are quick and the retracements too. Not for beginners, but if wanting to try it out, go in small and do not bet your house. Play it safe, have a trade plan before entering.
Trade closed manually
This one is a wash, gone sideways. Came up with a new trade plan. Check my feed for the updated trade plan
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Disclaimer
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.