ETH currently deviating the weekly high range (WHR).
Started building a short position around 1895$. Will look to add once we break below it and hold (failure to close above 1890$)
For the time being will look to add shorts along the way for possible range/day trades WITHIN the HTF range
Entry (aggressive) at market I Entry (conservative) after deviation of 1900$ and close below 1890$
TP 1835$
TP 1780$
SL (aggressive) above 1915$ I SL (conservative) above 1935$ (once you have a clear invalidation look to harden your stops)
------------- Similarly to the GU trade, the DXY plan can be used for confluence and to time entries -------------
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is a price action based analysis and does not constitute financial advice in any form.
Started building a short position around 1895$. Will look to add once we break below it and hold (failure to close above 1890$)
For the time being will look to add shorts along the way for possible range/day trades WITHIN the HTF range
Entry (aggressive) at market I Entry (conservative) after deviation of 1900$ and close below 1890$
TP 1835$
TP 1780$
SL (aggressive) above 1915$ I SL (conservative) above 1935$ (once you have a clear invalidation look to harden your stops)
------------- Similarly to the GU trade, the DXY plan can be used for confluence and to time entries -------------
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is a price action based analysis and does not constitute financial advice in any form.
