Support tested - solid boucne, Ether looking higher!
Made a pretty good call yesterday, and we are now in a good position for a longer trade.
I took some small profits instead of closing my whole trade, as i originally planned to do.
It looks like we have a new trendline targeting previous support levels at 850 and 900€.
I think we will go there but,but expect a small decline or consolidation if we manage to touch 850€,
taking some profit would not be a bad idea at that point, as we might go back to confirm 800€ , which will act as a support until we can test the trendline again.
Don't have time to write as much as i wanted but you can see my projection and my idea how this will pan out.
Good luck fellas
I took some small profits instead of closing my whole trade, as i originally planned to do.
It looks like we have a new trendline targeting previous support levels at 850 and 900€.
I think we will go there but,but expect a small decline or consolidation if we manage to touch 850€,
taking some profit would not be a bad idea at that point, as we might go back to confirm 800€ , which will act as a support until we can test the trendline again.
Don't have time to write as much as i wanted but you can see my projection and my idea how this will pan out.
Good luck fellas
Trade closed manually:
Closing this trade and waiting this one out, does not feel good right now and we could see the correction go further. Triangle formed yesterday at 1H chart = continuation pattern = further down.
Expecting us to go above 800€ today again and resume towards the first target.