Confluence of resistance on BTC approved by a bearish bat on
stochastic indicator
Hi pros!
confluence is a method used for having an edge on the market (advantage over others traders) based on high probability winning rate
in this case we used 2 types of resistance:
-multiple trendline
-structure resistance
that provide us the best point entry possible for a trend continuation setup
short from here enjoying the opportunity of that point entry being the optimal
aim for 5000 then 3400 then 2000 or less
Hi pros!
confluence is a method used for having an edge on the market (advantage over others traders) based on high probability winning rate
in this case we used 2 types of resistance:
-multiple trendline
-structure resistance
that provide us the best point entry possible for a trend continuation setup
short from here enjoying the opportunity of that point entry being the optimal
aim for 5000 then 3400 then 2000 or less
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wait for confirmation in smaller TF before entering
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that type of confirmation
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this is one of the method I love the most(particularly when it's based on resistance) because I got awesome performance using it over GBPUSD. last time I used it was here
and look what happened next:
and look what happened next:
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IMMEDIATLY
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Don't miss the short from here :)
price is below both emas + I draw an horizontal line where there is a gap down acting as a resistance
with SL above emas, it's good
price is below both emas + I draw an horizontal line where there is a gap down acting as a resistance
with SL above emas, it's good