This is a low probability trade, but anyway I decided to publish, since you can always use risk management to take you out of market in case thinks don't turn out. This trade is all about the Daily mean, which lies around the 0.5 standard Fibonacci, but the chart is not on Daily timeframe so you can't see it, you need to use your own chart to see where it is. The 0.236 Fib is of huge resistence and this trade assume it will just past it to return to the mean and that is a risk thing to do, and we are almost there, so you can easily buy the top here and get out by stop loss. Anyway you can setup a risk reward of 5 and pay to see what happens.
Comentário:
ETH is on slower pace than expected, trade is still valid to take profit on hitting the 1.618 Circle Fib, or just stay on trade waiting for the best, going for the outer red circle fib, with a moving trailing stop to take you out !
Comentário:
Possible scenario:
Trade fechado: stop atingido:
Trade closed by trailing moving stop with profit
