Tradingstrategyguides

ETHUSD 30 m EFC Indicator Signal Short

Short
BITFINEX:ETHUSD   Ethereum
EFC is an indicator that signals pullback/reversal trades using the RSI. A RSI trigger candle shows when the RSI is above the 80 level. We then use the open of that candle as our entry point (Short in this trade). When price breaks that entry point line I wait for a close of that candle then enter. My TP's are from previous S/R lines first TP @ 314.68, second TP @ 310.00. My first TP I will take off 1/2 of my position and let the balance run to the 2nd TP.

Come learn a new trading strategy at tradingstrategyguides.com?utm_source=tradingview

Our free Telegram channel: t.me/TradingStrategyGuides
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.