Long

ETHUSD

Updated

After this market hit 61.8% Fib. retracement I believe it formed a next higher low inside the up going channel. Breaking below the channel will invalidate the idea. Please keep in mind it's just an idea and intend to be just that.

Note

It moved as expected. Continuation towards 1320 with possible bounce back down the channel or consolidation around the upper range of the channel with subsequent break out. Happy trading to all.

Note

Upper range coincides with 1.618 Fib and that is the Target for now.

Note

Idea is still alive and the trade is active. I bought in the range 1050 -1080. The market is still moving up the channel as described initially. Still targeting 1.68 Fib. extension. Happy trading.

mskv21

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.