TRADE SETUP - 4H Trend/4H pullback/15m pullback trendline breakout ENTRY
Enter with a 15m Break-Hook-Go of 15m trendline breakout
Take Profit 4H 50 sma
Find 4H Macd over-extended bearish cross-over
with wide space between Blue/Red lines
Find 4H Bullish pullback
Find 15m Bullish pullback
Enter with 15m trendline breakout with a B-H-G
Enter with a 15m Break-Hook-Go of 15m trendline breakout
Take Profit 4H 50 sma
Find 4H Macd over-extended bearish cross-over
with wide space between Blue/Red lines
Find 4H Bullish pullback
Find 15m Bullish pullback
Enter with 15m trendline breakout with a B-H-G
Note
The trend for the ETHUSD is bullish. There is a 4H bearish pull back forming which is developing another bullish entry point for this bullish continuation move. What I wanted to do is trade this 4H bearish pullback short term to see if there was any room for some small profit. As the 4H red bearish candles are forming there was a green 4H pullback candle. That candle is either going to continue bullish green or it will turn red for a little more bearish move. If it does go bearish I want to enter the trade from the 15m chart with an ascending trendline breakout short for a small profit. The 4H Macd is over extended bullish so there is a bearish pullback eventually coming.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.