rmugavin

ETH Retracement trade

Long
rmugavin Updated   
BITMEX:ETHM20   None
ETH created a HL, HH after a long term downtrend
Broked strong resistance to do so.
Support now lines up with 50 fib and trendline,
Ideal long entry
Trade active:
TP1 hit
50% off the table, stop moved to profit
Trade active:
Price very close to TP2.
SL placed below recent 1H bullish engulfing to lock in max profits if it doesn't quite reach TP.
Trade closed: target reached:
TP 2 Hit. Ripper trade
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