I've added the Bollinger Bands into trading strategy as an added confluence and to help identify proper pull backs and knowing when the market turns. Was watching $ETHUSD closely today and as with everything else after Powell's sentiments, it went haywire. If the $ETHUSD were to clear the 20MA I would have longed but with it closing and retreating back to levels prior I am shorting this as it looks more like a pull back as previously noted from prior levels. Also I am using primarily the Daily and 4HR charts to trade as I am mostly swinging. We are still in a downtrend and I see a little more pain to come.
Trade active:
Entry: $1319
Profit: $1225
Stop Loss: $1416
Profit: $1225
Stop Loss: $1416
Trade closed: target reached:
🎯