Intraday Opening Range Breakout Short High Volume
I am highly bullish eth but this opening range breakout short popped up from a script so I opened a small futures position on it and am watching to see if it hits my longer term .786 buying zone near 250.
The original setup had a 6.45 RRR but I moved to break even around 10:20 after it had printed a rejection wick on the 1 minute chart showing it was probably not going to test higher again for a while.
I am actually watching this mainly for a double bottom around 250 to get in long on the same futures account and scalp it back to the open or maybe prior high.
If it comes back and hits my break even and shoots higher that's fine as well since my long term account is maxed out in long eth.
The 1.618 fib for the 3 wave is near my exit level so I think it has a chance of hitting that target today even though at the moment it seems to be chopping back a bit.
The original setup had a 6.45 RRR but I moved to break even around 10:20 after it had printed a rejection wick on the 1 minute chart showing it was probably not going to test higher again for a while.
I am actually watching this mainly for a double bottom around 250 to get in long on the same futures account and scalp it back to the open or maybe prior high.
If it comes back and hits my break even and shoots higher that's fine as well since my long term account is maxed out in long eth.
The 1.618 fib for the 3 wave is near my exit level so I think it has a chance of hitting that target today even though at the moment it seems to be chopping back a bit.
Comment:
Took half profit at 254.54
Comment:
Oops, made a mistake in pushing the buttons and got out entirely. Not getting back in, that was a decent trade.
Trade closed: target reached
Comment:
Dumped through target
