Ethereum H&S Formation - $910 Short Opportunity
Updated
Currency Pair: ETH.USD
Time Frame: 4hr
Predicted Direction: Short
Live ETH.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Time Frame: 4hr
Predicted Direction: Short
Live ETH.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Note
Attached below is an illustration of how i generate a H&S trade opportunity.
Note
Although i have identified a trade opportunity and potential trade levels, should price not meet the rules or not break the H&S then there will be no trade execution.Note
Price clearly rejecting $950 as recent history has shown.Keep an eye out for the $909 for a breakout.
Note
Watch for the breakout.Note
A hope everyone managed to take full advantage, have a great rest of the week.Note
Price is expected to pullback given the 4hr & 1hr TF towards $860 prior to additional downside.Note
It has been a while, but i'm back with my next trade setup.
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