Waiting on entry confirmation to short #eth.
Target is $3700 based on head and shoulder which also aligns with another confluence however I'll be looking to exit earlier at $3750 support.
I'll update when I enter(Likely 1:45 pm to -2pm). Anticipating an impulse quick drop...doesn't have to playout that way though
Short setup invalidated above $3900
Also. The head and shoulder is just 1 confluence that's easy to understand so thought I share. I mainly trade base on structure and key support and resistance areas, W volume, fibs , ema confirmations.
This not meant to be long term trade, just a corrective short down to daily support area.
Target is $3700 based on head and shoulder which also aligns with another confluence however I'll be looking to exit earlier at $3750 support.
I'll update when I enter(Likely 1:45 pm to -2pm). Anticipating an impulse quick drop...doesn't have to playout that way though
Short setup invalidated above $3900
Also. The head and shoulder is just 1 confluence that's easy to understand so thought I share. I mainly trade base on structure and key support and resistance areas, W volume, fibs , ema confirmations.
This not meant to be long term trade, just a corrective short down to daily support area.
Trade active
Entered short at 1 pm with stop around $3864Trade active
Price pushed down impulsely as anticipated but did not reach target. I'm Looking to exit short @ $3821 or @ $3803. 15 mins tf confirmation was too slow to exit earlier. 5 min exit confirmation would have been better for the impulse reversal that happened.1 hr structure still bearish but could correct higher / reverse fully-suggesting by big bottom wick on 4hr tf.Trade closed manually
Exited little bit above BE
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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.