the ascending channel is our key
second scenario price will hit the baseline around 2003$ then drop. we go for short
in first scenario stop loss would be above 1984$
in second scenario stop loss would be above 2006$
target in both scenario in the case of drop is around 1960$ ( 1962$~1958$).
closing above 2006$ will invalidate our trade strategy.
Enjoy the market
second scenario price will hit the baseline around 2003$ then drop. we go for short
in first scenario stop loss would be above 1984$
in second scenario stop loss would be above 2006$
target in both scenario in the case of drop is around 1960$ ( 1962$~1958$).
closing above 2006$ will invalidate our trade strategy.
Enjoy the market
Giao dịch đang hoạt động:
so right now based on the strategy our short position triggered, however in bigger timeframe things may change and bulls get stronger . if the price don't back into the bigger channel ( descending channel on my chart) and closed above 2006$( our stop loss) then it is wise we change our position to long with the target on my chart.
