ETHUSDT
We can see a breakout of the support at 1600 indicating the continuation of the downtrend.
Entrance 1593
Stop 1618
Leverage 23
Take profit to be determined once a candle crosses EMA.
This week the US will publish CPI and PPI data for August, and the European Central Bank will announce its interest rate decision. The annualized inflation rate is expected to increase from 3.2% to 3.4%. This news can lead to increased volatility.
Disclaimer
It is impossible to trade profitably by following someone’s signals mainly because of the differences in the time when position is opened by a trader and the time you see the idea. The information is presented to illustrate the work of the trading strategy and for informational purposes only.
Comment:
moving stop loss to 1590 to reduce risk as an upward movement is possible
Trade closed: stop reached