BTCUSD Setting of targets.

You took a short position when you break through a symmetrical triangle in a downtrend.
Then the position began its realization, becoming a profit deal, and the price was consolidated in the trade corridor, the continuation pattern - a rectangle.
Then the price as expected continued its downward direction having broken the borders of the rrectangle.
Now you can transfer the protective stop to a new, technically sound level - above the rectangle's trade corridor.
Then the price reached the price level determined by the measured move and consolidated into a small symmetrical triangle.
This is why there is no sense to close the position right now as the trend tends to go on.
You should better try to keep a profit position as long as possible especially when there is a new technically supported level in our case – above the borders of the small symmetrical triangle.


Information is the most valuable of well-known goods. I share all of this information with my Family members for free so don't forget to like and subscribe.

Bình luận: