At market sell opportunity for a quick trade on ETHUSD.
- Re-test of consolidation zone
- Fail to close above key $7,00 level
- Weakness in BTC and overall crypto market
- Good risk to reward ratio
Comment:
Rising wedge
Comment:
Pop out the top and return into rising wedge. Bulltrap. Adding to position 5.5 R/R. Will trade with these odds everyday.
Comment:
Another rising wedge. Risk it could pop out the top and trigger stops. Still is a bearish pattern.
Trade closed: stop reached
Comment:
False break higher? Looking to re-enter short
Trade active:
Re-entered on the break of consolidation zone. Targets shown.
Comment:
Trade closed: target reached