ETH is in a downtrend. Today the FED decides next interest rate hikes, which is expected to be no less than 75 points. So I expect the dollar to go up, thus ETH going down, following its current trend.
BC of FED decision volatility, I expect price to go to previos high, bc it's too close.
So, I'll enter a short position at 1383:
- Entry price is at previos local high
- SL is 1 ATR above high at 1424
- TP is calculated from daily and goes down to previos low at 933
BC of FED decision volatility, I expect price to go to previos high, bc it's too close.
So, I'll enter a short position at 1383:
- Entry price is at previos local high
- SL is 1 ATR above high at 1424
- TP is calculated from daily and goes down to previos low at 933
Trade closed manually
Price nor go down nor up. Analysis invalidated.
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Related publications
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.