ETHUSD Study

14 Haz 2020

Looking at two potential setups in play.

1. SHORT

Conditions:

A. If; Breakout of current Ascending Triangle -> final touch of the $240 mark (50MA/100MA & 61.8% Retracement) OR Break down of Ascending Triangle price will fall -> B.
B. ONLY if; MTF Up Trend AND $225 Support Base is broken.
C. Trade Entry.
D. Looking at targets: $220 (200MA), $212.50, $200.

2. LONG

Conditions:

A. If; $237.50 is reclaimed as Support.
B. Upside TP of $250 in play.

11 Tem 2020

İşlem kapandı: hedefe ulaştı

Trade Summary

- Break down on Ascending Triangle actioned - Yes
- MTF Up Trend and $225 Support Base broke - Yes
- Short Trade Entered - Yes
- Short Target #1 ($220) hit - Yes
- Targets #2 and #3 - N/A (due long wick reversal candle.)
- Short Intraday Trade Successful - Trade Closed.

Strong Reversal to upside followed through $237.50 to $249+. Long Trade was not entered.