theforexchief

ETHUSD SHORT OPPORTUNITY

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BITSTAMP:ETHUSD   Ethereum
ETHUSD is trading in a clear bearish market structure illustrated on the 4hr time frame, The next bearish impulse move is likely to happen once we see a retest of the 125.50 price. Overall, until see a break of price at 155.00 price is bearish so I will only be looking for sells so I am trading with the trend and with the momentum of the market. I will be waiting on the retest and a clear rejection before shorting. Definitely a pair to watch for now.
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