Hello guys, hope you are doing well.
Welcome to today's trade setup as a part of "Aglogains - Daily Trade Series".
As I have mentioned in the previous idea, I was waiting for ETH to close above 3200 and created new highs confirming the continuation of the uptrend.
We were waiting for a buying opportunities at 3160 - 3200.
On the 1H timeframe, we can see a double bottom is formed with a confirmation on the the lower timeframes.
Entry - 3161
Stop-loss - 3110 (51 points)
Take profit - 3240 (80 points)
1:1.57 RISK TO REWARD
Will keep you posted on the progress. Happy trading.
Welcome to today's trade setup as a part of "Aglogains - Daily Trade Series".
As I have mentioned in the previous idea, I was waiting for ETH to close above 3200 and created new highs confirming the continuation of the uptrend.
We were waiting for a buying opportunities at 3160 - 3200.
On the 1H timeframe, we can see a double bottom is formed with a confirmation on the the lower timeframes.
Entry - 3161
Stop-loss - 3110 (51 points)
Take profit - 3240 (80 points)
1:1.57 RISK TO REWARD
Will keep you posted on the progress. Happy trading.
Trade closed: target reached
closed at 3236. Booked 76 Points.
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Related publications
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.