Hello fellow traders!
Today I'm looking to long ETH @ 1558.5 on the smaller timeframes as we had a strong buying pressure hitting 1hr support. I'm looking to target levels of 1670-1680 as there is supply zone there on the 4hr chart. Entry and stop loss decisions are made on 5min timeframe as I see volume coming in from the levels I wish to enter.
Today I'm looking to long ETH @ 1558.5 on the smaller timeframes as we had a strong buying pressure hitting 1hr support. I'm looking to target levels of 1670-1680 as there is supply zone there on the 4hr chart. Entry and stop loss decisions are made on 5min timeframe as I see volume coming in from the levels I wish to enter.
Trade active:
Contracts got filled on the retest of level 1558.5
Trade closed: stop reached:
Stopped out on the down move
Comment:
Overlooked for demand zone on 15M timeframe, there is always a lesson to be learned.
Trade active:
Re-entered the trade @ 1552.75 with SL 1541.55, TP remains at 1674
Comment:
https: //www. tradingview.com/x/OQ9iarwh/
Comment:
corrected idea link above
Trade closed: stop reached:
Stop hit once again. Enough for the morning, I will step away and clear my head. Maybe come back in the afternoon. Wish you all a great day.