After gone through a big dump, there are stop hunting action. Eth had gone through two retest on the SR flip line. If the coming candle stick can break through the resistance zone and retest the it, i forsee it will challenge the SR flip line ( 1798.30).
however, this trade will be risky because in order to reach my TP following the RR ratio 1:1.5, i will need to challenge two SR flip line.
So i wont trade for this trend as it didnt meet the RR ratio 1:1.5 .
however, this trade will be risky because in order to reach my TP following the RR ratio 1:1.5, i will need to challenge two SR flip line.
So i wont trade for this trend as it didnt meet the RR ratio 1:1.5 .