Hello Sophisticated Trader,
Analyzing the $BTCUSD, I noticed the pair has broken a support on a daily timeframe and is hinting additional fall over the coming days and weeks. The US Fundamentals are supporting for a stronger dollar, coupled with the economic crises globally the impact isn’t over. Based on the charts a short would provide a good risk and reward. Only a daily chart, only close above the stop loss point would negate this trade downtrend.
If you see something else, please let me know. Follow, like and comment below. Thanks in Advance.
Remember to look at your shorter time frames for an entry.
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Dr. Lydia Smith
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