Mj_russell

$BTCUSD Current short trade

Short
Mj_russell Aktualisiert   
BITSTAMP:BTCUSD   Bitcoin
Good R:R short that I entered yesterday.

Reasons for:
- Price rejected ~4400 area
- Fell back through a significant S&R area which I would have taken as a no-brainer long if price had spent a little more time above it.
- Good R:R


Overall I am still bullish BTC.
Kommentar:
Target ~4020 lows
Kommentar:
Price has now broken down, following the expected price action. Currently we have seen a retest of the level, but again, with not as much time/space as I would have hoped.
A classic H&S has now formed.
Kommentar:
Have now moved stops down to ~4240.
Kommentar:
Stopped out of trade, banked 1.2R.

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