Possible trade idea for ETH/USD
Updated
We have been looking at the chart for a long time and I am already long for this pair a long time.
This is a little daytrade that I am looking to take. I think that I will first wait for a little reversal before I go long but I am going to keep an eye out on the chart and if the chart is moving good I will take this trade before the reversal.
This is a little daytrade that I am looking to take. I think that I will first wait for a little reversal before I go long but I am going to keep an eye out on the chart and if the chart is moving good I will take this trade before the reversal.
Trade active
This trade setup is active for me. Saw the nice reversal at the support zone so I took a long position like you can see in the chart. All good for now. Will keep you updated if needed.
Note
Looking here to see how it is going to react because it is at a previous support/resistance zone. Hoping to see a good and strong break here. Note
We can see that the price was struggling a little to break the resistance zone. We do see that is keeps trying so I think that it will be able to break it. If you do not trust it you could put your sl to your entry point but I will personally not do this at this point.
Note
The price rejected off the support zone again so we can see that this is a good and valid support zone. For the rest is there not much to say here now. Aslong as the price does not go below the support zone we should be good and this trade should be a good one.
For those who did put the SL to entry later, I would enter the trade again.
I also added to my position.
Will keep you updated when it is needed.
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