ETH - Ranges overview
Here is a quick look into what I am looking for on ETH.
The market continues on breaching lower towards the sellside.
Let's see how we react from the daily sellside liquidity (red line). I've noted the FVG (yellow box) on the left side of the chart. Feel free to note it on your own charts and extend it to get a better overview ....
IF we fail to hold the current daily sellside liquidity (red line) we should expect the market to continue on reaching lower towards 2.5K.
IF we fail to break below the current daily sellside liquidity (red line) and reclaim it expect the market to aggressively run towards the buyside liquidity around 3.4K-3.5K.
BE PATIENT...PLAN...EXECUTE
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
The market continues on breaching lower towards the sellside.
Let's see how we react from the daily sellside liquidity (red line). I've noted the FVG (yellow box) on the left side of the chart. Feel free to note it on your own charts and extend it to get a better overview ....
IF we fail to hold the current daily sellside liquidity (red line) we should expect the market to continue on reaching lower towards 2.5K.
IF we fail to break below the current daily sellside liquidity (red line) and reclaim it expect the market to aggressively run towards the buyside liquidity around 3.4K-3.5K.
BE PATIENT...PLAN...EXECUTE
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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