I am considering that the bear market is not over, we see bears stepping in for the remaining of the month / year.
We have clear bearish reactions from the daily FVG / 4h FVG with both fractal structures on both timeframes beeing bearish.
I am expecting that ETH will continue it's movement for at least the 4h bullish FVG connection, where i will be moving my SL to BE and let the trade run with 0 risk.
The last low, in my point of view, is far from beeing protected and we can see another round of sells before anything else.
We have clear bearish reactions from the daily FVG / 4h FVG with both fractal structures on both timeframes beeing bearish.
I am expecting that ETH will continue it's movement for at least the 4h bullish FVG connection, where i will be moving my SL to BE and let the trade run with 0 risk.
The last low, in my point of view, is far from beeing protected and we can see another round of sells before anything else.
Transaction en cours
Last night, inside the end of NY session and starting Asia session, price went up a little just to test the most current 4h breaker blocker and to take some more liquidity. We see after the touch of the BB an imediate reaction to downside.Only problem for me is that the fractal on 4h changed with this liquidtation, it is now bullish so i am waiting for a re-confirmation that the price was actually just liquidationg some highs and not a confirmation that the bulls entered the market from the 4h bullish FVG.
If we will see in the following hours/days that the price will invalidate the most current fractal low, it will come again inside the 4h bullish FVG wich for me is not protected.
With a good bearish reaction, and a 4h bearish fractal break, i will be more than glad to move my SL to BE as if the trade will want to reverse, my BE would be actually very close again to a bullish fractal break and a confluence that the 4h bullish FVG actually has some bulls inside.
Trade fermée manuellement
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.