ETHUSD - Local Fib Short Scalp
Premise:
1. The 0.382 will be tested
2. The Beardiv will confirm around the 0.382
Execution:
1. Single entry : 118
2. Stop : 119.5 (0.5% of capital risk)
3. Target: 108.2 (3.19% reward to capital risk)
Result:
1. A 6.38:1 RR trade is completed
1. The 0.382 will be tested
2. The Beardiv will confirm around the 0.382
Execution:
1. Single entry : 118
2. Stop : 119.5 (0.5% of capital risk)
3. Target: 108.2 (3.19% reward to capital risk)
Result:
1. A 6.38:1 RR trade is completed
Note
Note the descending volume on the small retrace up - possible deadcat. The RR and premise justify the trade - orders placedTrade active
Note
Stop to entry.Trade closed: stop reached
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.
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.