ETPUSD rose above the 200MA on the 3h chart, the pattern is a reverse head and shoulders. If it plays out well, etp could go to 1.0 - 1.1 USD.
Will still take a while until the pattern is fully developed.
This is not a tradingadvice!
H1 Trend was down, as indicated by the Lazy Trend System.
When we moved down to 15m timeframe, a short trade was identified at 1445pm when all indicators were aligned.
As usual, the recommended risk to reward ratio is 1 to 3 and the trade was closed at take profit.
Stop Loss: 1.0775
Take Profit: 0.9700
Don't really know for sure but you know what I mean (where I expect it to turn around)... I don't know when that will happen but I'm pretty sure at what price. An how high it will go afterwards. This will be released in this idea as an update. To be continued...