ICX/EUR broke out of the descending channel yesterday. Waiting for the retest to get confirmation for bullish continuation.
TP target #1 previous closed top @ 0.5025
TP target #2 previous wicked top @ 0.60
TP target #3 Fibonacci -27 @ 0.75
SL under previous market structure of new HH and HL @ 0.2650.
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This is my first public analysis, any feedback is more than welcome. I'm here to learn together so we can all become better traders. Cheers!
TP target #1 previous closed top @ 0.5025
TP target #2 previous wicked top @ 0.60
TP target #3 Fibonacci -27 @ 0.75
SL under previous market structure of new HH and HL @ 0.2650.
###
This is my first public analysis, any feedback is more than welcome. I'm here to learn together so we can all become better traders. Cheers!
Trade stängt: Stopp nått:
Sadly enough the SL of this idea was hit. It looks like ICX got hit hard when BTC moved down. I still believe that ICX has upwards potential towards the target @ 0.5025. If I look back at this trade it would have been better to place the SL a little lower below the previous consolidation area. That would really invalidate the idea.