Looking at the H4 chart, the current overall bias for ETHUSD is bearish. To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. Looking for a retracement sell entry at 1339.92, where the 61.8% Fibonacci line is located. Stop loss will be placed at 1384.41, slightly above where the 23.6% Fibonacci line and 100% Fibonacci line is located. Take Profit will be placed at 1220.00, where the 0% Fibonacci line and previous low is located
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