Currency Pair: ETH.USD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short
Live ETH.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.
PLEASE NOTE:
This setup is a personal investment and is separate to my daily trading portfolio.
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short
Live ETH.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.
PLEASE NOTE:
This setup is a personal investment and is separate to my daily trading portfolio.
Comment:
Price now broke back below 4hr, 1hr & 5min 50EMA
Comment:
How to identify trade setups using the 50EMA
Comment:
Price approaching half profit, should this occur a trailing stop loss can be implemented.
Trade closed manually:
Position closed at profit.
Price failed to accelerate away from 4hr 50% which is a concern as you look deep into the 1hr TF
Price failed to accelerate away from 4hr 50% which is a concern as you look deep into the 1hr TF
Trade closed: target reached:
If you continued to hold the position you would now have taken target, please note as stated above i took profit off a little early due to the 4hr TF