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Ethereum H&S Formation - $910 Short Opportunity

מעודכן
Currency Pair: ETH.USD
Time Frame: 4hr
Predicted Direction: Short

Live ETH.USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
הערה
Attached below is an illustration of how i generate a H&S trade opportunity.

Head & Shoulder Trading Strategy
הערה
Although i have identified a trade opportunity and potential trade levels, should price not meet the rules or not break the H&S then there will be no trade execution.
הערה
Price clearly rejecting $950 as recent history has shown.
Keep an eye out for the $909 for a breakout.
הערה
Watch for the breakout.
הערה
A hope everyone managed to take full advantage, have a great rest of the week.
הערה
Price is expected to pullback given the 4hr & 1hr TF towards $860 prior to additional downside.
הערה
It has been a while, but i'm back with my next trade setup.

ETH.USD - Targeting $450
Chart PatternsETHUSDTechnical IndicatorsTrend Analysisukforexsignals

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