Currency Pair: ETH.USD Time Frame: 4hr Predicted Direction: Short
Live ETH.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
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Attached below is an illustration of how i generate a H&S trade opportunity.
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Although i have identified a trade opportunity and potential trade levels, should price not meet the rules or not break the H&S then there will be no trade execution.
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Price clearly rejecting $950 as recent history has shown. Keep an eye out for the $909 for a breakout.
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Watch for the breakout.
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A hope everyone managed to take full advantage, have a great rest of the week.
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Price is expected to pullback given the 4hr & 1hr TF towards $860 prior to additional downside.
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It has been a while, but i'm back with my next trade setup.
Damn thank you! Very well done. Even though everyone was bullish AF, you managed to predict this. i salute you!
UnknownUnicorn180388
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@Whiseman123, Really appreciate the message, thank you.
PeacefulWarrior
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Good idea, but another one !
UnknownUnicorn180388
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@PeacefulWarrior, It's certainly a possibility, should there be no break of the H&S neckline then it's likely your right and additional upside will occur.