ETH/USD Textbook Gartley

27 Tem 2018

Gartley formed just below the bearish channel resistance.
TP1 (symmetry of BC) was just hit and the instrument is now consolidating slightly above.
Next target TP2 awaits at $375.00 - the 1.27 Fibo extension of AD
Short positions may be opened now with SL at $500.00; TP at $375.00.
Once TP is hit, close half of the position and trail your SL to try to hit the final target at $335.00 (161.8 Fibo extension of AD)
Happy Trading

30 Tem 2018

Not

Price lurking just below the trendline; A crucial moment is coming in the next few days. A break above will likely place ETH in a positive aspect, but if trendline holds, we are looking towards TP2 with more confidence.

3 Ağu 2018

Not

Partial profits booked now due to the stiff support at the $400 mark

5 Ağu 2018

Not

Safe to place your trailing SL at $430.00
If price goes back there, it's a good signal that the Support has hold and price may reverse.

8 Ağu 2018

İşlem kapandı: hedefe ulaştı

Target of $375.00 was reached.
Trade Closed