Boon2

ETHUSD H1 correction up

Long
Boon2 Updated   
BITSTAMP:ETHUSD   Ethereum
H4 we have 3 down with bullish divergence.

H1 I see 3 up, 3 down and a breakout of the structure. The move up not looking very impulsive so I think this is only a correction up before we get a possible Z down on H4.

We have break of structure and bull flag. This is a risky trade as I mentioned the move up not looking very impulsive.

1) Invalidation point is the low of wave B
2) buy the flag breakout with solid candle close
3) 1st TP 100fib, Longer term investor's can take some profit and move to BE

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D1 analysis, Check out the idea detail's for the full rundown. Thanks

Comment:
1st entry should be at break even, Look to add on any bullish setup and remember the long term view until there's bearish price action.

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