ETHUSD | Wave Projection | 4-Wave Always Triangle
Price action and chart pattern trading setup:
> A possible symmetrical triangle 4-wave breakout now a C-wave uptrend resistance SMMA50W - +25-30% upside triangle target (RECOMMEND SHORT ENTRY POSITION)
> Entry @ A pullback trade entry could be possible at EMA10W support
> Stoploss @ lower support B position -15% downside
> Risk reward ratio: 2.5:1
Always trade with affordable risk and respect your stoploss, nothing 100%!
> A possible symmetrical triangle 4-wave breakout now a C-wave uptrend resistance SMMA50W - +25-30% upside triangle target (RECOMMEND SHORT ENTRY POSITION)
> Entry @ A pullback trade entry could be possible at EMA10W support
> Stoploss @ lower support B position -15% downside
> Risk reward ratio: 2.5:1
Always trade with affordable risk and respect your stoploss, nothing 100%!
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.