Week 4 Support & Resistance Idea 2: ETHUSD
Plan A (Sell Stop):
Sell Stop: 3202
Stop Loss: 3240.3
Take Profit: 3167 (with risk-reward ratio of 1%)
Lot Size: 2.61
Balance: USD 10,000
Plan B (Buy Stop):
Buy Stop: 3622
Stop Loss: 3555
Take Profit: 3689 (with risk-reward ratio of 1%)
Lot Size: 1.49
Balance: USD 10,000
In this ETHUSD trade plan, we identify potential support and resistance levels for strategic entry and exit points.
Plan A suggests placing a sell stop order at 3202, anticipating a potential resistance level. A stop loss is set at 3240.3 to manage risk, with a take profit target at 3167 to achieve a risk-reward ratio of 1%. The lot size is set at 2.61, with a starting balance of USD 10,000.
Plan B proposes a buy stop order at 3622, aiming for a breakout above resistance. A stop loss is placed at 3555 to mitigate potential losses, while the take profit level is set at 3689 to achieve a risk-reward ratio of 1%. The lot size is set at 1.49, with a starting balance of USD 10,000.
Sell Stop: 3202
Stop Loss: 3240.3
Take Profit: 3167 (with risk-reward ratio of 1%)
Lot Size: 2.61
Balance: USD 10,000
Plan B (Buy Stop):
Buy Stop: 3622
Stop Loss: 3555
Take Profit: 3689 (with risk-reward ratio of 1%)
Lot Size: 1.49
Balance: USD 10,000
In this ETHUSD trade plan, we identify potential support and resistance levels for strategic entry and exit points.
Plan A suggests placing a sell stop order at 3202, anticipating a potential resistance level. A stop loss is set at 3240.3 to manage risk, with a take profit target at 3167 to achieve a risk-reward ratio of 1%. The lot size is set at 2.61, with a starting balance of USD 10,000.
Plan B proposes a buy stop order at 3622, aiming for a breakout above resistance. A stop loss is placed at 3555 to mitigate potential losses, while the take profit level is set at 3689 to achieve a risk-reward ratio of 1%. The lot size is set at 1.49, with a starting balance of USD 10,000.
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