Band/USD Bullish Trend Continuation Setup

已更新
Hi there. Beginning trader and technical/fundamental analyst, sharing a bullish trend continuation trade learned from the TRI School for Trader Development, my alma mater. *This is posted for entertainment purposes only, not trading or financial advice.


Reasons for trade:
1. (Location) This is a Bullish BoT setup. It retraced more than .33 but less than .66 fib.
2. (Structure)Double bottoms (W) in price action, obv, Willy
and an unconfirmed one in MACD which is positive.
3. (Momentum) Increasing buy volume (green bars), postive Moving Averages cross in OBV and Willy.
4. Some support on Volume Profile
5. Moving averages confluence and price over 30SMA.
6. 3 Lower lows to act as support for price if trend slows or starts to break down.



Risk/Reward 3:1



BANDUSD
交易進行
Forgot to mention: I appreciate any feedback or alternative views, please share if you have them. Also, large, sudden moves by BTC could, and often times does, invalidate analysis.
交易進行
And we are off to the races...
交易進行
Getting some wind under its wings.
交易進行
Cup in handle sinide cup in handle
快照
交易進行
Trade still very much in play.
交易結束:達到停損點
Sold @ scratch
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