ETHUSD LONG Sitting on Demand Zone Fib Targets
Mis à jour
On this 15 minute chart from the candlesticks, supply and demand zones are tool drawn.
The resistance trendline and flat bottom form a triangle pattern. The Fibonnaci retracement
tool is used to find likely targets which are also pivots to the left. The dual TF RSI indicator
by Chris Moody shows both the faster 5 min and the slower 60 min rising over the 50 level with
the faster higher than the slower. The times straddle the chart time. Based on all of this
I will trade a swing trade long on forex with leverage set at 20. Partials taken 25% at each
target to minimize risk. Stop loss initially 40 ( the height of the green demand zone) then
raised by 22 every time price moves by 20. Expecting 60% profit overall in consideration
of a tiered closure and the leverage for a trade of 10-20 days depending on the trend angle
moving forward.
The resistance trendline and flat bottom form a triangle pattern. The Fibonnaci retracement
tool is used to find likely targets which are also pivots to the left. The dual TF RSI indicator
by Chris Moody shows both the faster 5 min and the slower 60 min rising over the 50 level with
the faster higher than the slower. The times straddle the chart time. Based on all of this
I will trade a swing trade long on forex with leverage set at 20. Partials taken 25% at each
target to minimize risk. Stop loss initially 40 ( the height of the green demand zone) then
raised by 22 every time price moves by 20. Expecting 60% profit overall in consideration
of a tiered closure and the leverage for a trade of 10-20 days depending on the trend angle
moving forward.
Trade fermée: ordre d’arrêt atteint
ETHUSD falls through the support zone which is now resistance. Stop loss closed the position. Now on watch to return into the new resistance zone for a short entry.
Transaction en cours
Since 2/24 Ether has been moving up in tandem with Bitcon. rest and consolidation allowed. Staying on the path guardrails in place. Buy the dips then sell the rips.Transaction en cours
GAussian regressive line algo suggests the trend up will continue for another two weeks. I am all for it. 
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.