Long ETHUSD on break of 61.8 Fib of Daily high/low range Nov 20

Nov 20, 2017

1. Long on break of 38.2 Fib (61.8 on reversed Fib) of Daily high/low range
2. Entry on 5min chart
3. RSI Composite & RSI bullish momentum (above moving averages & moving averages crossed higher)
4. Target 1: 89.0 Fib (move stop to breakeven)
5. Target 2: 161.8 Fib extension of daily high/low range (take 100% profit)
6. Stop: below 50.0 Fib of daily high/low range
7. Potential RR: 1:5.46

Nov 20, 2017

Trade active

Entry: $363.19 (break above 38.2 Fib retracement of daily high/low range
Stop: $358.987 (below 50.0 Fib retracement of daily high/low range)
Target 1: $368.47 (11.0 Fib retracement of daily high/low range)
Target 2: $385.21 (161.8 Fib extension of daily high/low range)