Just entered eth short. Market structure is bearish on the hr and 4hr tf. And market looks likely to correct down before continuing up.
Also spotted a head and shoulder pattern as confluence (seen more clearly on the 4hr tf)
My entry is a bit aggressive but I think this area overall is a good place to sell and attempts to push higher will likely get rejected.
RR is 3-4.5RR
Will update in comments when I take profit given trade works out
Also spotted a head and shoulder pattern as confluence (seen more clearly on the 4hr tf)
My entry is a bit aggressive but I think this area overall is a good place to sell and attempts to push higher will likely get rejected.
RR is 3-4.5RR
Will update in comments when I take profit given trade works out
Note
Full closed eth short early.
Trade closed manually
Closed
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.