The collapse of cryptocurrencies brought down the rate of ETHUSD
The Ethereum rate tried to stay at the level of 31400 for a long time. But the downtrend continued again because Bitcoin began to fall in price. The price change was sharp and strong. This may mean that the price is unlikely to start rising and will fall further. Therefore, we will open a short position slightly below the fractal at the flat price of $2,800. The target for this trade is 1000 pips until the next flat price.
Order Type: Pending Order - Sell Stop
Entry Price at 2800.00
Take Profit at 2700.00
Pips Earning: 10000
Forex trade strategy for major currency pairs:
EURUSD buy at the price of 1.1350
USDJPY buy at the price of 113.60
GBPUSD sell at the price of 1.3550
USDCHF sell at the price of 0.9115
Trade recommendation result.
Cryptocurrency Trading Tips
The profit can be $1000.00 if the trading volume of 10 Futures.