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ETHUSD Support Breakout and Bullish Gartley Formation Update: Targets Reached

ETHUSD Support Breakout and Bullish Gartley Formation

ETHUSD Testing the 550 Support.

If it breaks below 550 Support, Bullish Gartley Pattern would be completed at D Leg – 461 – Possible retracement towards Fibonacci 38.2 and 61.80.

Trade Setup 1: ( Short Trade based on breakout pattern )

TRADE: SHORT

ENTRY: 550 ( Wait for the break below )

STOP LOSS: 600

TAKE PROFIT: 470 AND CLOSE THE POSITION.

SHORT TRADE REACHED THE TARGET AND CLOSED 80 PIPS

Trade Setup 2: ( Long at the D Leg )

TRADE:LONG

AREA OF ENTRY: 440-460

STOP LOSS: 400

TAKE PROFIT: 540

TAKE PROFIT 2: 600

LONG TRADE REACHED THE FIRST TARGET: 80 PIPS. CURRENT LEVEL IS 573 AND WE ARE VERY CLOSE TO SECOND TARGET. TRADE PLAN WILL BE UPDATED FOR PREMIUM MEMBERS.

ETHUSD
ETHUSD DAILY CHART

IMPORTANT: Patience and Money Management are key to success in trading.  Your risk ( Stop Loss ) must be maximum 1%.

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.

 

 

 

CHARTREADERPRO INTRADAY SIGNALS
ETHUSD Support Breakout: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

 

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