ETHUSD - Two Possible Short Scalps
Premise:
1. The order in and above the OTE will be hit
2. The 15min SRSI will stay maxed out in this region, and move downward normally
3. The pullback will happen in less than one day
Execution:
1. Short 1:
a. Single scale in of 2x short at 222.42
b. Stop loss at 223.48
c. Target 1 : 214.93
2. Short 2:
a. 1:2:3:4 2x scale in from 222.42 till stop loss
b. Stop at 225.03
c. Target 1 : 214.93
d. Target 2 : 210.38
Result:
1. Two possible shorts for an intra day scalp, with Reward : Risk of 6.95 and 4.61 respectively.
1. The order in and above the OTE will be hit
2. The 15min SRSI will stay maxed out in this region, and move downward normally
3. The pullback will happen in less than one day
Execution:
1. Short 1:
a. Single scale in of 2x short at 222.42
b. Stop loss at 223.48
c. Target 1 : 214.93
2. Short 2:
a. 1:2:3:4 2x scale in from 222.42 till stop loss
b. Stop at 225.03
c. Target 1 : 214.93
d. Target 2 : 210.38
Result:
1. Two possible shorts for an intra day scalp, with Reward : Risk of 6.95 and 4.61 respectively.
Trade closed: target reached
Both targets struck and auto closed.
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.