ETH multiple Sell Opportunities
ETH is moving in range for almost a week time. Now it has shown a displacement after ChoCH and formed a bearish 15m FVG. There may be a good trade at sell side if price approach it. Well there are two trade scenarios are forming.
Trade # 1
1. Price is moving around a short term trend line and resistance.
2. If price breaks trend line and take the liquidity of resistance than it may be sell trade.
Trade # 2
3. Price moves to 15m FVG and OTE overlap zone.
4. Most probably price will take liquidity of FVG zone and break trend line.
5. After breaking trend line it should pullback till FVG/trend line or any newly created OB/FVG.
All these combinations are signaling a high probability and high Risk and Reward (1:8) trade scenario.
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Disclaimer – This analysis is just for education purpose not any trading suggestion. Please take the trade at your own risk and with the discussion with your financial advisor.
Trade # 1
1. Price is moving around a short term trend line and resistance.
2. If price breaks trend line and take the liquidity of resistance than it may be sell trade.
Trade # 2
3. Price moves to 15m FVG and OTE overlap zone.
4. Most probably price will take liquidity of FVG zone and break trend line.
5. After breaking trend line it should pullback till FVG/trend line or any newly created OB/FVG.
All these combinations are signaling a high probability and high Risk and Reward (1:8) trade scenario.
Note – if you liked this analysis, please boost the idea so that other can also get benefit of it. Also follow me for notification for incoming ideas.
Also Feel free to comment if you have any input to share.
Disclaimer – This analysis is just for education purpose not any trading suggestion. Please take the trade at your own risk and with the discussion with your financial advisor.
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.
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.