Risk = 6% of total account.
Lowest TP I will take is marked (white).
Ideal TP is top of position box (green).
Currently 40% of position is filled.
Leaving open the option to add contracts and move SL up if I like what I see in PA.
ETHUSD can go LONG if you have not already
Stop: 112.5-113 (depending on your broker)
TP : to be determined.
(For the others, move your Stop only)
This trade was published first on my Telegram Channel
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#ETHUSD has formed a H&S top on the daily chart. Volume is decreasing across the H&S pattern and a clear neckline is formed at $114.4. A close below $114.4 will trigger a short position. My target is $83.
Eight days of price consolidating with out making a move to the upside. This consolidation which lasted for eight days formed a chart pattern called THE DESCENDING TRIANGLE CHART PATTERN.
This chart pattern has been spotted on 4hours time frame on both pairs(ETHH19 & ETHUSD)
Price trend can be any direction leading to the pattern.
In a descending triangle, the ...