BTC tried to sweep the liquidity above and the good short area was around $17540 to $17700 but as the 200EMA played out before it went to those areas and came down from $17400. I am aiming for 2 trades from here.
1. I will wait for a wick above $17540 to $17700 area and SHORT there with S.L above $18200 and will target for the $16400 to $16200 area (2r trade)
2. I will wait for the price to come down and test the $16400 to $16200 area from the current levels and will LONG it around those areas with S.L. below $16100 and will target for the reclaim of the $17000 area (2r trade)
1. I will wait for a wick above $17540 to $17700 area and SHORT there with S.L above $18200 and will target for the $16400 to $16200 area (2r trade)
2. I will wait for the price to come down and test the $16400 to $16200 area from the current levels and will LONG it around those areas with S.L. below $16100 and will target for the reclaim of the $17000 area (2r trade)