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ETH Retracement trade
Long
ETH Retracement trade
By rmugavin
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Updated
May 26, 2020
5
May 19, 2020
ETH created a HL, HH after a long term downtrend
Broked strong resistance to do so.
Support now lines up with 50 fib and trendline,
Ideal long entry
May 24, 2020
Trade active
TP1 hit
50% off the table, stop moved to profit
May 25, 2020
Trade active
Price very close to TP2.
SL placed below recent 1H bullish engulfing to lock in max profits if it doesn't quite reach TP.
May 26, 2020
Trade closed: target reached
TP 2 Hit. Ripper trade
Chart Patterns
rmugavin
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