ETHUSD price has rejected off the supply zone giving the first indication a correction could be upon us. I'm waiting for the break of the raising wedge before entering a short position. The conservative option would be to wait for price to break down and create a lower low before contemplating a short position. Thanks for a having a look at my analysis, all feedback is welcome. Would love to hear from you and your ideas particularly if you are seeing a long opportunity. Give me a follow and a like, to keep seeing similar charts. Thanks again
Trade active:
The trade is now active. We didn't get a break out from the rising wedge as much as we have walked out sideways. However we did get a solid candle close outside the wedge so the trade was taken. Interesting to see how it plays out over the next 24 hours
Trade closed: stop reached:
Stop Loss reached. Reset and look for another entry