BTCUSD Swing Short

BTCUSD Swing Short

Bitcoin OANDA:BTCUSD


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.

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