🔸Hello traders, today let's review 4 hour price chart for BTCUSD . We've
triggered overhead supply zone currently pullback in progress. Having
said that expecting limited downside before we get a reversal.
🔸Heavy stack of bullish s/r zones located at 62 000 / 63 000 / 64 400 usd.
bulls will defend those levels so downside beyond this zone is very limited.
fresh overhead supply at 71/73 000 usd so bulls will target this area
once we get a reversal after the current pullback.
🔸Recommended strategy bulls: wait for pullback to complete near 62 000 / 63 000 usd. BUY low close to 63 000 usd, stops fixed at 60 000 USD, TP1 bulls is 70 000 USD TP2 bulls is 72 000 USD, 18% upside in this trade setup without leverage. break below 60 000 usd invalidates bullish outlook. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
triggered overhead supply zone currently pullback in progress. Having
said that expecting limited downside before we get a reversal.
🔸Heavy stack of bullish s/r zones located at 62 000 / 63 000 / 64 400 usd.
bulls will defend those levels so downside beyond this zone is very limited.
fresh overhead supply at 71/73 000 usd so bulls will target this area
once we get a reversal after the current pullback.
🔸Recommended strategy bulls: wait for pullback to complete near 62 000 / 63 000 usd. BUY low close to 63 000 usd, stops fixed at 60 000 USD, TP1 bulls is 70 000 USD TP2 bulls is 72 000 USD, 18% upside in this trade setup without leverage. break below 60 000 usd invalidates bullish outlook. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Nota
previously recommended buying low near 60 000 usd.click the play button and see what happened later.
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Institutional-desk research · 10+ yrs building trading algos stocks options FX
Algo systems for gold/FX traders · levels desk: Gold FX NQ ES JPN225
Private systems for serious traders
syndicate001.com
TG channel
t.me/aisyndicate001
Algo systems for gold/FX traders · levels desk: Gold FX NQ ES JPN225
Private systems for serious traders
syndicate001.com
TG channel
t.me/aisyndicate001
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Institutional-desk research · 10+ yrs building trading algos stocks options FX
Algo systems for gold/FX traders · levels desk: Gold FX NQ ES JPN225
Private systems for serious traders
syndicate001.com
TG channel
t.me/aisyndicate001
Algo systems for gold/FX traders · levels desk: Gold FX NQ ES JPN225
Private systems for serious traders
syndicate001.com
TG channel
t.me/aisyndicate001
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.