NXT/BTC
- Currently at the bottom of a consolidation range on the H4
- Beautiful Risk:Reward trade
On the H4 we can buy with a target of 3,200 and SL 2,300
That is a risk:reward ratio of 9!! <-- Even if it loses, it won't sting, but the reward is large
H4 Chart
If we zoom in a bit we can see the current pattern forming on the H1
- A break to the upside would see:
- Target 1: 2,450 - 2,520 (blue box)
- Target 2: 2,800
- Target 3: 3,000 - 3,200
H1 Chart
If price breaks ascending triangle to the downside, consider exiting the trade prior to the SL trigger.
*This is not financial advice.
Happy Trading!
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