martin2048

ETH long setup

Long
BITFINEX:ETHUSD   Ethereum
On H1 we can see bullish MA crossover built by 22 and 44 EMA. As usually I used the technique with swing high and swing low before and after the cross. Then I drew Fibonacci and looked for entry levels - this time we went to 38.2%, hopefully this level holds. If that is the case, we should grow to 121.7% or even 161.8%. I personally stay with 121.7% TP. We can put SL under the Fibo 0% level. In 50% of our TP we can move SL to break even - better safe than sorry.

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