AEBTC HIGH RISK HIGH REWARD LONG SETUP

AEBTC HIGH RISK HIGH REWARD LONG SETUP

This trade isn't a perfect setup from many perspectives, but gives great risk:reward ratio, so suitable for traders who are comfortable with lower win rate but higher risk:reward.

Trade Setup Summary

• Trend: Neutral, with 200MAs flattening out and price above 200MAs
  
  

*Market Structure: Higher Low


*Level: Price Bounced off of 61.8 Fib Retracement


*Candlestick: Large bullish candle in a MCB (Multiple Candle Break) setup


*Volume: Volume Spike, highest daily volume on chart

Concerns:

*1. Market structure from low to high to low isn't super clean (Not a lot of spacing between high and


*2. Wick on signal candle a bit long. Body / Candle percentage is 45% (The larger the percentage the better, and would want at least 50%, with 60%-80% being more ideal)


*3. Volume after signal candle is even larger the volume of signal candle

This is not financial advice, please do your own Due Diligence. I'm just sharing my personal trades.
I will be posting ideas on a daily basis (whenever there are trade setups that meet my criteria).
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