ETHUSD, Another great oportunity to make a quick profit
Updated
Hello, as you can see, resistance line was just tested for the third time. This offers us a great oportunity to make a quick profit by trading "candle color options". As always, we will place a bet on a green candle as soon as one of them closes above resistance line. We will keep on betting on a green candle untill we get stoped out by a first red candle. We will abandon this set-up if support line gets penetrated. I always update my trades as they develope, so please follow me and provide feedback in the comments bellow. Thanks.
Trade active
Our trade has been activated since green candle closed above resistance line. We have placed a bet that the next candle will be green as well.
Trade closed: target reached
This set-up netted a hefty profit. After I entered this trade, there were 5 green candles in a row. Since I get paid fixed 100% profit if guess the color of the candle correctly, I made 500% on those 5 candles. Last candle (red), was a loss, so I lost 100% of my bet. In the end my profit was 400%. This doesn't happen everyday, but when it does, its great ! :)
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.