ETH – High confluence Pull back Trade.

TLDR:
• This Idea is for those that want to increase position size or to enter long.
• Currently it is not sure we will get a retrace. This Idea is to prepare myself (and you, if you’re interested) in case we get a pull back.
• This Trade is based on Fib levels, EMAs and Fixed Range Volume.
• The 0.382 fib has the most confluence and offers better R: R.
• Please read my previous Ideas (linked) because they provide context.
Pullback Targets:
• 0.236: I couldn’t find additional confluence. If you decide to take a long based on this level put a wide SL (this is just my opinion).
• 0.382: Confluence with the FRV PoC and the 50D EMA. Strong confluence and a healthy pullback that will not kill the bullish momentum.
• Below these levels, I will have to reevaluate.
Trade Idea No. 1:
• Entry: 1855 (0.236 fib)
• SL: 1780 (below the 0.382 fib)
• Target: 2700
• TP: 2000, 2150,2700.
Trade Idea No. 2:
• Entry: 1808
• SL: 1760
• Target: 2700
• TP: 1930, 2150, 2700
NFA.
What do you think? Please share in the comments.
Best wishes to all.

İşlem aktif:

Trade no. 2 is active. Good luck everyone