ETCUSD 2H Triangle Breakout

Enter on a 15m break-hook-go of the Triangle Trendline.
Take Profit Long -27.2% @ 46.25
Take Profit Short 100% @ 31.04

Comment:

Pair did break long and hit the Previous High Target Price

Then price reversed back through the triangle and found support at a previous swing low.

15m chart

Comment:

Pair broke out of the support level with a bearish continuation move to the previous major swing low hitting the last target profit level. Next update will be to see if the bearish move will hit any fib extension levels.

Comment:

Price is still in bearish continuation. 1H chart fib had price hit the 161.8% fib extension level. Let's see how far price will go.

Comment:

Comment:

Pair may have taken a break from it's bearish continuation move.
Possible retracement pullback may start.
Then we will see if the bearish continuation wins the momentum back or the bulls.

Comment:

ETCUSD 15m chart will help us see the retracement strength.

Comment:

Sorry here is the 15m chart

Comment:

I entered short after a candle opened/closed below the 50% fib. My SL is just above the 50% fib. My TP is at 0% fib @25.50. If price continues short I will enter again after a 15m break-hook-go.

Comment:

38.2% fib not 50% fib

Comment:

Two Short scalping trades on 15m chart.