Unlock Hidden Profits: Pro-Level ETH/USD Price Action Techniques

18 ธ.ค. 2024

ETHUSD Alexgoldhunter Price Action Analysis and Strategy
Key Levels and Zones
Order Blocks (OB):

Upper OB: Around 4,020 USD

Lower OB: Around 3,830 USD

Break of Structure (BOS):

BOS Level: Around 3,830 USD

Change of Character (CHoCH):

CHoCH Level: Around 15th, 16th, and 17th of the month

Fibonacci Retracement Levels:

0.786 Level: 3,984.661 USD

0.705 Level: 3,962.3925 USD

0.618 Level: 3,952.993 USD

0.5 Level: 3,930.75 USD

0.382 Level: 3,908.507 USD

Fair Value Gap (FVG):

FVG Level: Around 3,830 USD

Volume Profile:

High volume areas around key levels, indicating strong interest and potential support/resistance.

Buy Strategy
Entry Point:

Consider entering a buy position near the lower OB around 3,830 USD, especially if the price shows signs of reversal or bullish candlestick patterns.

Stop Loss:

Place a stop loss below the lower OB, around 3,800 USD, to limit potential losses.

Take Profit:

Target the upper OB around 4,020 USD or the Fibonacci levels for potential profit-taking.

Sell Strategy
Entry Point:

Consider entering a sell position near the upper OB around 4,020 USD, especially if the price shows signs of reversal or bearish candlestick patterns.

Stop Loss:

Place a stop loss above the upper OB, around 4,050 USD, to limit potential losses.

Take Profit:

Target the lower OB around 3,830 USD or the Fibonacci levels for potential profit-taking.

Conclusion
By using these price action techniques, traders can develop a strategic approach to buying and selling based on key levels and market structure. Remember to always manage risk with appropriate stop loss and take profit levels.

Happy trading! 📈📉

If you have any more questions or need further details, feel free to ask!
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18 ธ.ค. 2024

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