Long

ETPUSD Long

Aktualisiert
-16 Week double bottom measured move met
-12 day pennant with horizontal boundary forming
-On H6, pennant can be defined as a continuation ascending triangle and meets the minimum lower boundary two touch requirement to classify a continuation ascending triangle
-18 day and 50 day MA pinching and providing support at current price
-Existing non margin holdings with entry and stop denoted on chart
-Two areas for potential targets;
2.4945 for ascending triangle interpretation
2.9713 for pennant interpretation

30 basis points of risk planned
Anmerkung
Orders below, I like the bollinger band squeeze on the H4
Snapshot
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Order update
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Looking strong and in spite of a lot of red, still some sell walls to push through though
Snapshot
Trade ist aktiv
Was filled
Trade geschlossen: Stop wurde erreicht
Then stopped out, all while I was at work. Crypto is crazy!
Snapshot
Anmerkung
Still constructive on this coin
Anmerkung
New orders
Snapshot
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Ammendment; 2 tranches, this will be my last attempt at getting long this setup
Snapshot
Trade ist aktiv
Order executed @ 2.1866
Anmerkung
Looking good so far, will see once euro and us session comes online.
TPs no change
SL on non margin position is at entry, Trend follow strategy
T1 stops will be managed on a daily timeframe, position strategy
T2 stops will be managed on H6 timeframe, Swing strategy
Snapshot
Anmerkung
1st tranche stop @ Last Day low being 2.0846
2nd tranche stop @ entry price
Anmerkung
Strong daily close amongst a lot of crypto weakness, within striking distance of first target
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Well that sucks, Out of my position and swing tranches with the swing target being met without me. Still holding my trend follow position
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Testing 50SMA
Double Top or BottomPennantTrend Analysis

Haftungsausschluss