ETH long - swing trade (update)
Got stopped out on our ETH long swing trade.
Entry 2700
TP 3985
SL 2300
As you'll have we've broken below 2.5K and like we noted yesterday...'a clean break and hold below 2.5K and the trade idea is invalidated' ...market aggressively traded through 2.5K and is currently ranging.
Let's see where the market wants to go from here...
Overall plan remains the same so don't be fooled by all the news titles and everyone calling recession this...recession that...WE TRADE THE CHARTS AND THE MARKET...No silly titles and overhyped sensations...
IF we reclaim and hold above 2.5K I will look to re-enter and take the exact same trade.
IF we fail to hold the current lows expect further downside towards 1.8K.
Today is Monday and the week is still young...so BE PATIENT...PLAN AND EXECUTE
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Entry 2700
TP 3985
SL 2300
As you'll have we've broken below 2.5K and like we noted yesterday...'a clean break and hold below 2.5K and the trade idea is invalidated' ...market aggressively traded through 2.5K and is currently ranging.
Let's see where the market wants to go from here...
Overall plan remains the same so don't be fooled by all the news titles and everyone calling recession this...recession that...WE TRADE THE CHARTS AND THE MARKET...No silly titles and overhyped sensations...
IF we reclaim and hold above 2.5K I will look to re-enter and take the exact same trade.
IF we fail to hold the current lows expect further downside towards 1.8K.
Today is Monday and the week is still young...so BE PATIENT...PLAN AND EXECUTE
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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