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 $83.
Could be headed for my longterm short target of 40$ relatively soon. To be see whether this reverses upwards or continues downward.
The prevailing trend is down and the short term trend is also down.Bulls going to have to pull some serious weight to take this to the upside
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.