Looking to repeat the same trade taken a couple weeks ago, crypto likes to go green on the weekends this is due to there being no other markets available to trade & here we have ETH sat on a major support level 3370 if you look back couple weeks ago youll see the same position run successfully from this price level.
I am expecting before market close today more blood come from the dollar as monthly profit taking incurs, 106.00 being a strong roof for the DXY a good level to have taken profits from.
I would expect to see XAU & XAG & DOW gain before market close as well with crypto continuing to push over the weekend, however if gold & silver & Dow Jones fall hard before market close it may invalidate this trade.
As this position has a very tight stop loss the risk is 0.5%
R:R is 1:5 for this trade looking to make 2.5%
I am expecting before market close today more blood come from the dollar as monthly profit taking incurs, 106.00 being a strong roof for the DXY a good level to have taken profits from.
I would expect to see XAU & XAG & DOW gain before market close as well with crypto continuing to push over the weekend, however if gold & silver & Dow Jones fall hard before market close it may invalidate this trade.
As this position has a very tight stop loss the risk is 0.5%
R:R is 1:5 for this trade looking to make 2.5%
Note
Trade has been activated...position runningNote
Once price goes back over 3400 again will be looking to move SL to break-even.So once price goes over 3400 change stop loss to 3370.
For just now trade remains running as is
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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.