How to Spot a Reversal Pattern: A Short-Term ETHUSD Trade
Updated
Hey traders, are you ready for some action? 😎 The RO Flash indicator is flashing green, which means we could see some bullish momentum soon. We’re also nearing the end of a falling wedge pattern on the 1H chart, which is a classic reversal signal. I’m aiming for a 5% profit on this trade, because I like to keep it simple and realistic. 😉 This is the third time we’re bouncing off the 236 Fibonacci level on the 4H chart, and we’re still in a nice .272 retracement zone on the 12H chart. So, what do you think? Will ETH break out or break down? I’m betting on the former, because I’m feeling lucky today. 🍀
Note
Up 1.44% and loving it! 😎 This trade is a beauty, even with some bumps along the way. 🌟 The RO Flash indicator is giving us the green light, and we’re breaking free from the falling wedge. 🎉 I’m not greedy, just realistic. 5% profit is my goal. 💰 The 236 Fibonacci level is our friend, and the 12H chart is looking bullish. 🐂 #tradingjournal #eth #breakoutTrade closed: target reached
What a great way to start the day! My account automatically sold 50% of my position at $1796 and locked in a nice 4.5% profit. It may not seem like a lot, but it’s one of the first times (maybe THE first?) that I executed a trade so well and it paid off! No hype, but seriously check out Rocky Outcrop classes. They are awesome 😎👍
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