ETH is in a downtrend. Today the FED decides next interest rate hikes, which is expected to be no less than 75 points. So I expect the dollar to go up, thus ETH going down, following its current trend.
BC of FED decision volatility, I expect price to go to previos high, bc it's too close.
So, I'll enter a short position at 1383:
- Entry price is at previos local high
- SL is 1 ATR above high at 1424
- TP is calculated from daily and goes down to previos low at 933
BC of FED decision volatility, I expect price to go to previos high, bc it's too close.
So, I'll enter a short position at 1383:
- Entry price is at previos local high
- SL is 1 ATR above high at 1424
- TP is calculated from daily and goes down to previos low at 933
Trade closed manually:
Price nor go down nor up. Analysis invalidated.
