ETHUSD price has rejected off the supply zone giving the first indication a correction could be upon us. I'm waiting for the break of the raising wedge before entering a short position. The conservative option would be to wait for price to break down and create a lower low before contemplating a short position. Thanks for a having a look at my analysis, all feedback is welcome. Would love to hear from you and your ideas particularly if you are seeing a long opportunity. Give me a follow and a like, to keep seeing similar charts. Thanks again
Trade active
The trade is now active. We didn't get a break out from the rising wedge as much as we have walked out sideways. However we did get a solid candle close outside the wedge so the trade was taken. Interesting to see how it plays out over the next 24 hoursTrade closed: stop reached
Stop Loss reached. Reset and look for another entry
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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.