"ETH_USDT Long Trades: Multiply your profit on C&H Pattern
Dear Trading view family,
Symbol: #ETH_USDT
Strategy: #Trendline #Support_Resistance #RSI #Fibonacci_Retracement #Swing_Highs #Swing_Lows #Dow_Theory #Cup_&_Handle_Pattern
TRADE IDEA 1:
Trade Call Type: #LONG.
Order Type: Instant Execution
CONDITIONS: On the retest of Handle's Lower Support Trendline & Potential HL while Price Action in forming HHs and HLs according to DOW Theory and 0.5 Level of Fibo Retracement.
Stop Loss is below the previous HL on Break of Structure of current Uptrend.
Entry: LONG when price retrace to area of value on Fibo Retracement Level 0.5 and confluence with lower Support Trendline of Handle.
Anchor Time: 4 Hours
Trading Time Frame: 1 Hours.
Entry price: 1909
Take Profit: 2015
Stop Loss: 1874
RRR- 3.03
Risk Size: 0.25% of Balance.
TRADE IDEA 2:
Trade Call Type: #LONG.
Order Type: Buy Stop
Indicators: #Price_Action., #Trendline #Support_Resistance #RSI. #Fibonacci_Retracement #RichTL #Dow_Theory
Entry: LONG when price Successfully breakout Cup and Handle pattern & Previous Higher High.
Anchor Time: 4 Hours
Trading Time Frame: 1 Hours.
Entry price: 1948
Take Profit: 2015
Stop Loss: 1904
RRR- 1:1.5
Risk Size: 0.25% of Balance.
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a LONG trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
#ETH_USDT
#cryptotrading
#technicalanalysis
#trendlines
#supportandresistance
#Fibonacci
#DowTheory
#CupandHandlePattern
#riskmanagement
#profitstrategy
Symbol: #ETH_USDT
Strategy: #Trendline #Support_Resistance #RSI #Fibonacci_Retracement #Swing_Highs #Swing_Lows #Dow_Theory #Cup_&_Handle_Pattern
TRADE IDEA 1:
Trade Call Type: #LONG.
Order Type: Instant Execution
CONDITIONS: On the retest of Handle's Lower Support Trendline & Potential HL while Price Action in forming HHs and HLs according to DOW Theory and 0.5 Level of Fibo Retracement.
Stop Loss is below the previous HL on Break of Structure of current Uptrend.
Entry: LONG when price retrace to area of value on Fibo Retracement Level 0.5 and confluence with lower Support Trendline of Handle.
Anchor Time: 4 Hours
Trading Time Frame: 1 Hours.
Entry price: 1909
Take Profit: 2015
Stop Loss: 1874
RRR- 3.03
Risk Size: 0.25% of Balance.
TRADE IDEA 2:
Trade Call Type: #LONG.
Order Type: Buy Stop
Indicators: #Price_Action., #Trendline #Support_Resistance #RSI. #Fibonacci_Retracement #RichTL #Dow_Theory
Entry: LONG when price Successfully breakout Cup and Handle pattern & Previous Higher High.
Anchor Time: 4 Hours
Trading Time Frame: 1 Hours.
Entry price: 1948
Take Profit: 2015
Stop Loss: 1904
RRR- 1:1.5
Risk Size: 0.25% of Balance.
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a LONG trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
#ETH_USDT
#cryptotrading
#technicalanalysis
#trendlines
#supportandresistance
#Fibonacci
#DowTheory
#CupandHandlePattern
#riskmanagement
#profitstrategy