ETHUSD short of an action line
Last swing low of local uptrend movement is broken. We have a strong downward impulse.
Here is a low-risk entry from action line of current down slopping action-reaction set.
With stop placed behind recent swing high we have RR = 1:3
Here is a low-risk entry from action line of current down slopping action-reaction set.
With stop placed behind recent swing high we have RR = 1:3
Order cancelled
Now we have the similar formation to the upside, so cancelling this short trade
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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.