REACTING TO THE ECONOMIC NEWS ON ETH 05/05/2021
Yesterday was a wild day for Crypto, Stock and Indices (this gave us intraday traders an exciting day)
A half-point interest rate hike by the Federal Reserve, the largest hike since 2000, which was done in an attempt to corral record high inflation.
ETH failed to reclaim back the $3000 mark and we had a picturesque Supply Pattern.
Stop loss = 1% Risk
Take Profit = 5.6% Reward
R/R = 5.60/1
Due to the High Volatility we scaled to the 15m to action this trade.
Hope you enjoy this trade idea.
A half-point interest rate hike by the Federal Reserve, the largest hike since 2000, which was done in an attempt to corral record high inflation.
ETH failed to reclaim back the $3000 mark and we had a picturesque Supply Pattern.
Stop loss = 1% Risk
Take Profit = 5.6% Reward
R/R = 5.60/1
Due to the High Volatility we scaled to the 15m to action this trade.
Hope you enjoy this trade idea.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.