Looking really good, we've manage to hold support about 5220 for a couple days now. Ascending triagle is looking ready to breakout and we are holding above the H4 POC on the VPVR.
My current look at the ETHUSD market on the H4 timeframe - along with some higher timeframe OBs. I'm not rushing into any trades. I'll observe how price plays off these levels and base my decision off that.
Plenty of trades to be had, I rather protect my captial (and you should to) and wait for a good setup then take bad R:R trades based off FUD or FOMO.
Just a quick look at the chart and there seems to be a bullish pattern being repeated over and over - possibly it may happen a third time? - We'll see what happens. R:R looks good on this one.
Being reactionnary paid off - originally i was short at 263. Closed for .63% loss.
H1 closed above S/R line/50% fib line with a nice wick.
Quickly switched bias to long aiming for bottom of last high.
took some off at the OTE, holding the rest to see the reaction.
Hoping the green box holds as support.