BTCUSD Triangle Pattern on the 5th E. Wave **SPECULATIVE TRADE**
Stop-Loss 1: If the price falls below the
support of this symmetrical triangle.
Stop-Loss 2: I find it that this pattern is a bit ahead of its self because the French election results is due within the next 24hrs.
The price could be doing a sideways break out and bounce on the dashed lines until the election results are in.
Personally, if the price violates the lowest dashed line- I'd be out.
The Exit: if I see the trend acting accordingly in my favor - 1/2 of the position will be sold at the pivot 1 resistance . Depending on the strength or the weakness,
I will adjust my trade plan accordingly, Especially now that I've learned not to speculate in politics or geo-political stories/events.
support of this symmetrical triangle.
Stop-Loss 2: I find it that this pattern is a bit ahead of its self because the French election results is due within the next 24hrs.
The price could be doing a sideways break out and bounce on the dashed lines until the election results are in.
Personally, if the price violates the lowest dashed line- I'd be out.
The Exit: if I see the trend acting accordingly in my favor - 1/2 of the position will be sold at the pivot 1 resistance . Depending on the strength or the weakness,
I will adjust my trade plan accordingly, Especially now that I've learned not to speculate in politics or geo-political stories/events.