I am looking at a BUY on ETHUSD as it has recently touched down on the 23.60% Fib Line
This is not usally a Fib line I would worry about too much, but I cant ignore the 4 MA coming back to the upside to cross the 50 EMA for a quick buy.
I dont know if this will be a strong move or not, I only plan to catch somewhere around 80 PIPS
There is always the possibility the move could push past the 23 Fib and continue downwards with some force.
My TP is 693.0
Trade at your own judgement and analyze the market yourself for confirmations
This is NOT a call to put in this trade, only for education and accountability for charting growth
This is not usally a Fib line I would worry about too much, but I cant ignore the 4 MA coming back to the upside to cross the 50 EMA for a quick buy.
I dont know if this will be a strong move or not, I only plan to catch somewhere around 80 PIPS
There is always the possibility the move could push past the 23 Fib and continue downwards with some force.
My TP is 693.0
Trade at your own judgement and analyze the market yourself for confirmations
This is NOT a call to put in this trade, only for education and accountability for charting growth
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Price failed to find lasting support on expected level