5:1 trade opportunity on Etherium Classic

26 Haz 2018

We have another rising wedge pattern setting up on Etherium Classic.

Reasons for sell trade:

• Rising wedge meetings rules
  
• Decrease in volume
  
• Break of the RSI trend line
  
• Bitcoin has similar rising wedge pattern forming
  

Projected stop loss and take profits targets are shown.

A move above 16.3 would invalidate this setup.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.

26 Haz 2018

İşlem aktif

Breakout to downside confirmed

26 Haz 2018

İşlem aktif

Look to reduce risk now that price is moving in right direction . Can always reverse so good risk management is the key.

28 Haz 2018

İşlem aktif

I'm slowly adding limit orders to increase position size. Stops above red line to manage risk

28 Haz 2018

Not

28 Haz 2018

İşlem aktif

Hopefully some of you added to you position when i suggested!

Rising wedge patterns in a bear market and very good to trade!

29 Haz 2018

İşlem aktif

Look to take partial profits and adjust stops to reduce risk during a trade

30 Haz 2018

İşlem kapandı: durdurma seviyesi

Failed to reach profit target.

Still a great trade if you had good risk management and took partial profits as mentioned above.

Onto the next trade!