THETA looking interesting for a cheeky punt

2020년 12월 28일

THETA looking like it wants to rekt early H&S shorters / pattern traders who don't know what they're doing. Just above support and trendline, already hit the 0.618 of the move from 4300s to 6700s, about to make a higher low. Conservative / safer entry would be to wait for a break and close above 5520s.

2020년 12월 29일

노트

Trade entered though I didn't handle it particularly well. Should have entered half size before the S/R flip and also should have sold half at the FTA as THETA retraced to support.

2020년 12월 29일

노트

Idea could still be valid with a reclaim but given this rejection and the state of the USD pair I'm expecting further downside.