ETHUSD a Swing Trade; 1:3 Risk/Reward
On smaller timeframe H1 Ethereum is trading inside following a parallel channel,
We can see two support and resistance forming a range of 120 to 138$
Recently the price of Ethereum touched the support zone of 120$ and the local uptrend support line also; this makes it a strong support area and bounced from there and we can also see a good bullish convergence on MACD;
I missed the opportunity to enter at 120-121$, Now waiting for a retest to enter a long position.
Entry Price : 121-122.50
Stop Loss : 117$ (4%)
Profit Target : T1 > 130$ & T2 > 137$ (5%<13%)
Risk/Reward Ratio : 1:3
👍
We can see two support and resistance forming a range of 120 to 138$
Recently the price of Ethereum touched the support zone of 120$ and the local uptrend support line also; this makes it a strong support area and bounced from there and we can also see a good bullish convergence on MACD;
I missed the opportunity to enter at 120-121$, Now waiting for a retest to enter a long position.
Entry Price : 121-122.50
Stop Loss : 117$ (4%)
Profit Target : T1 > 130$ & T2 > 137$ (5%<13%)
Risk/Reward Ratio : 1:3
👍
Note
Let's Wait and see the price;Note
Perfect took entry at 121$Trade active
Note
Also Check BNBUSDT 1:4 RRR
Note
Keep Trailing Stop Loss and Book Profit, don't let your losses run.Note
Hello, Guys! I Hope you all enjoyed the Analysis and trade Idea and also the profit.Trade closed: target reached
Note
Trade Closed with given target , 12% profit.BNBUSDT also gave 12% profit
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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.