NXT/BTC

• Currently at the bottom of a consolidation range on the H4
• Beautiful Risk:Reward trade

On the H4 we can buy with a target of 3,200 and SL 2,300
That is a risk:reward ratio of 9!! <-- Even if it loses, it won't sting, but the reward is large

H4 Chart

If we zoom in a bit we can see the current pattern forming on the H1

• A break to the upside would see:
• Target 1: 2,450 - 2,520 (blue box)
• Target 2: 2,800
• Target 3: 3,000 - 3,200

H1 Chart

If price breaks ascending triangle to the downside, consider exiting the trade prior to the SL trigger.

*This is not financial advice.

Happy Trading!
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