Anticipating a bullish rally this weekend on BTCUSD

After an aggressive sell-off, finished by what looks to be an exhaustion bar, my ideal trade will be enter long on the 4 hour order block and ride price action up to the daily order block, where I expect lots lots of selling pressure to come through. I think it's very possible that price will surge to the 50% retracement of that OB where it will be the consequent encroachment of the fair value gap.

Orders are set and now I let the trade play out.

All the best,

The Meditader

Kommentera:

UDATE: After seeing a strong reaction in my entry zone, I've taken both my positions and have adjusted my position size to match my risk tolerance.