ETHUSD LONG 3370 SL & TP ON CHARTLooking to repeat the same trade taken a couple weeks ago, crypto likes to go green on the weekends this is due to there being no other markets available to trade & here we have ETH sat on a major support level 3370 if you look back couple weeks ago youll see the same position run successfully from this price level.
I am expecting before market close today more blood come from the dollar as monthly profit taking incurs, 106.00 being a strong roof for the DXY a good level to have taken profits from.
I would expect to see XAU & XAG & DOW gain before market close as well with crypto continuing to push over the weekend, however if gold & silver & Dow Jones fall hard before market close it may invalidate this trade.
As this position has a very tight stop loss the risk is 0.5%
R:R is 1:5 for this trade looking to make 2.5%