Long trade opportunity exhibited in BTCUSD - H1 Time Frame
NOTE: Entry Break-Out UPDATED to a better price at 41280
Place Buy-Stop @ 41280
No Stop Loss order placed, Close if price closes below 40200(Proposed Stop Loss level is for Money Management and potential risk assessment)
Close 50% of position once Target 1 reached @ 41550
Move StopLoss to Break even @ 41280 + 50
Close 50% of remaining position once Target 2 reached @ 41750
Move Stop-Loss to Target 1 @ 41750
NOTE: Entry Break-Out UPDATED to a better price at 41280
Place Buy-Stop @ 41280
No Stop Loss order placed, Close if price closes below 40200(Proposed Stop Loss level is for Money Management and potential risk assessment)
Close 50% of position once Target 1 reached @ 41550
Move StopLoss to Break even @ 41280 + 50
Close 50% of remaining position once Target 2 reached @ 41750
Move Stop-Loss to Target 1 @ 41750
SL was moved to TP1 +50 and got hit
posiion closed