BTC : Swing short with a scalp long acting as a hedge.
HTF structure looks bearish and price has been flirting around monthly open for some time now. The swing short is based on the idea that the level will no longer hold as support.
The hedge long is based on the idea that the level will actually provide a bounce once more and price will tag the current high of the day.
The hedge long is based on the idea that the level will actually provide a bounce once more and price will tag the current high of the day.
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Limit orders for the long are cancelled. Swing short is still in play.
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Glad I cancelled the orders for the long before the daily close, that would have stopped me out.
Swing Short is still running.
Swing Short is still running.
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Nice sell off. Didn't quite reach the target with the dump but I'm assuming that we'll get follow-through pretty soon.
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Target reached. :)
Will keep the short running until the Stop or TP hits though.