Hello guys. In my last post I talked about what a First Touch trade is and I showed the potential for a First Touch trade setup to occur for BTC/USD on the 4-hourly chart. Well, the trade setup has indeed just been confirmed and I have shorted BTC/USD at just above $9,200. I have illustrated my entry, profit target and stop loss levels in the following image:
Let's see how it pans out!
Thank you for reading and comments are most welcome :)
Legal Disclaimer: This is just my analysis and not to be taken as professional financial advice. Do your own research beyond what you read in my blog posts and make your own decisions based on your beliefs about what to invest your money in.