On the hourly ETHUSD has been ranging for the last 2 days between 132.7 and 140 with stop hunt moves on either side ranging to 147.25 and 128.33. With that in mind we're looking for a further move upside with our stop loss covered incase the move goes against us. The stop loss needs to be well away from the range and any potential stop hunts. set at 124.45 Entry is set at 132.9 in the lower end of the range, which we see that was triggered 3 hours ago.
To be conservative we're taking 40% of profits at just over 1:1 r/r and the other 60% at 1.618 fib at 158.7
The stop is moved to break even when tp1 is triggered. tp2 is set at rr of 3.
To be conservative we're taking 40% of profits at just over 1:1 r/r and the other 60% at 1.618 fib at 158.7
The stop is moved to break even when tp1 is triggered. tp2 is set at rr of 3.