Short ETH at 640
Updated
Would look to short ETHUSD at 640, the lower edge of a very large balance area and also the neckline of a H&S breakdown. Would look for a retracement back to 600. Also after such an aggressive move lower, I think a retracement is quite probable. About a 1:1 risk reward trade but high conviction. Will update if and when trade triggers.
Trade closed manually
Idea was bang on but the retracement happened just a little before our level. Will reassess now.
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