BTC breakout! Pull back before continuation?

2023年7月20日

BTC has broken out of a wedge, but the red line indicates the previous candle closed in overbought territory and could be due for a reversal.

We could see a pull back before price then continues north.

2023年7月20日

註釋

I'll be looking to see price come deep into this Fair Value Gap before reversing. Areas of interest to look for a reversal back to the upside is on the 0.5-0.702 fib level. Zooming in to 5min to look for change in market structure

2023年7月20日

註釋

Back into reversal area now

2023年7月20日

註釋

There is the bounce at 0.5 on the Fib, which is half way in the FVG

2023年7月20日

註釋

2023年7月20日

註釋

Was a good scalp

2023年7月20日

註釋

Thanks for playing