Looking to short ETHUSD, as I saw it is just at resistance level. Furthermore, by the time it reaches its previous high it started having problems, getting some big retracements. I need to see the reaction of the price from 905.00 (if it goes there). The overall movement is slowing down. Slow approach towards daily resistance. Initial target 865.00. Main target - daily low.
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Watching buyers' reaction now.
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Buyers' attempt looks healthy. I am still standing by.
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We got an opportunity for short only to the recent H1 support and then the price blasted. That's why we should respect S/R's not only at one single time frame. However, I wasn't invloved into this particular trade.
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In anticipation of another short opportunity. Looking to sell from 950.00 with really good risk to reward ratio. The price is reflecting the daily resistance on H4 time frame now. I just need a better price to sell now.