ETHUSD is moving in a weekly pennant right below a bearish weekly OB.
I may start positioning a short on ETH with stop above 307 if it goes into the weekly OB again.
Keylevel for a breakout to the north = 296-303
If this price area rejects hard, we very likely got our confirmation of a bearish rejection with a possible deep retrace
Long scalp within the weekly OB if pennants breaks.
Enter Short if we break the pennant with target 188-205
I may start positioning a short on ETH with stop above 307 if it goes into the weekly OB again.
Keylevel for a breakout to the north = 296-303
If this price area rejects hard, we very likely got our confirmation of a bearish rejection with a possible deep retrace
Long scalp within the weekly OB if pennants breaks.
Enter Short if we break the pennant with target 188-205