BTCUSD Swing Short

٢٢ سبتمبر ٢٠٢٠

After a break-out from 4hr rising wedge, I expect a test of structure then further continuation to the downside for the creation of a lower low on the daily chart. Entry order is set inside confluence zone with Fibonacci and market structure confluences, target is set a few pips above 127.2% fib extension of daily retracement. In case of slippage, I expect the confluences of the 78.6% fib level and descending trend line to protect S/L price.