Trade Direction:
ETH Short
Risk Management:
- 0.5% account risk
Reason for Entry:
- H4 Bear FVG BTC
- H4 Bear FVG Total
- Failure to displace above weekly open on TOTAL
- 0.5 Fib retrace
- Bearish divergence on BTC
- Sentiment remains poor across majors
Additional Notes:
- High Timeframe point of interest respected
- No reclaim of critical resistance zones across majors
- Risk is half because I can see a scenario where it moves one leg higher
ETH Short
Risk Management:
- 0.5% account risk
Reason for Entry:
- H4 Bear FVG BTC
- H4 Bear FVG Total
- Failure to displace above weekly open on TOTAL
- 0.5 Fib retrace
- Bearish divergence on BTC
- Sentiment remains poor across majors
Additional Notes:
- High Timeframe point of interest respected
- No reclaim of critical resistance zones across majors
- Risk is half because I can see a scenario where it moves one leg higher
Note
BE. As stated I see a scenario for one more leg higher potentially ~ 3.28T Total
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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.
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.