TradewithLu
Short

EOSUSD high probability trade

BITFINEX:EOSUSD   EOS / Dollar
This is not financial advice and each trader is responsible for their own losses.
Profit targets for this trade will depend on whether this develops into an ending 5th wave diagonal or just an ABC . An ending 5th will lead to a lower profit target and an ABC will result in a higher target. For the ABC scenario, I would take the fibonacci retracement of yellow wave b only and target a 61.8% level to be on the safe side. If there is an ending 5th wave diagonal, I would be slightly more aggressive and target the end of white wave ii at least.
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