ETHUSD | Ethereum
A buddy nudged me about this idea, and I do see downside for ETH.
That is a significant trendline that price has broken, now PA is below the EMA's with a classic "Bear Flag" on the 1H chart.
In theory; the height of the flag pole should break to the downside at an equal distance. - in theory -
It is important to mention, the engulfing candle.. a classic reversal setup right on the EMA's
Let's see where this goes. My stop is a little close for my liking, but I did not feel compelled enough to move it...
1% risk 2:1 RR
That is a significant trendline that price has broken, now PA is below the EMA's with a classic "Bear Flag" on the 1H chart.
In theory; the height of the flag pole should break to the downside at an equal distance. - in theory -
It is important to mention, the engulfing candle.. a classic reversal setup right on the EMA's
Let's see where this goes. My stop is a little close for my liking, but I did not feel compelled enough to move it...
1% risk 2:1 RR
İşlem aktif
Trades do not often work out that beautifully, but I'll take the win. Cheers Market.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.