BTC/USD Forex Signal: Deep Bearish Retracement – 19 August 2020

BTC/USD: More bearish below $11,600Yesterday’s signals were not triggered as the bullish bounce at the support level of $11,659 did not happen until after Tokyo closed, and there was no bullish price action at the higher identified support levels which were hit.Today’s BTC/USD SignalsRisk 0.50% per trade.Trades may only be entered before 5 pm Tokyo time Thursday.Long Trade IdeasLong entry after a bullish price action reversal on the H1 time frame following the next touch of $11,659 or $11,400. [Place ](the stop loss $50 below the local swing low.Move the stop loss to break even once the trade …

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