Hello traders!!
This is just a scalping setup that i am looking on BTCUSD. It's currently ranging between daily support and resistance marked with the rectangles. Now at a daily resistance point it could atleast retrace back or go down to the daily support before going up again.We can see some rejection of price after touching the resistance,marked with the yellow circle.I have also marked targets and SL with horizontal rays. Before entering the trade make sure that there is a CoC in the price in a smaller time frame. If price hits my SL and closes above daily resistance my bias will change to long position as it will be a CoC in the daily time frame.
DISCLAIMER: This is not a financial advice. What i am sharing here is just my personal view of the price and i will not be held responsible for the trades you take. Use your money properly and wisely. Manage your risks traders.
This is just a scalping setup that i am looking on BTCUSD. It's currently ranging between daily support and resistance marked with the rectangles. Now at a daily resistance point it could atleast retrace back or go down to the daily support before going up again.We can see some rejection of price after touching the resistance,marked with the yellow circle.I have also marked targets and SL with horizontal rays. Before entering the trade make sure that there is a CoC in the price in a smaller time frame. If price hits my SL and closes above daily resistance my bias will change to long position as it will be a CoC in the daily time frame.
DISCLAIMER: This is not a financial advice. What i am sharing here is just my personal view of the price and i will not be held responsible for the trades you take. Use your money properly and wisely. Manage your risks traders.