ETH Trade Record

**ETH Trading record - 16/July:
**

For the long position setup :

• Second leg is lower than the previous leg.
• W formation on M15
• Price touch back the EMA50 and retrace with notable bearish candlestick.
• The second green bullish candlestick give me the clue.
• 我们可以拉fibonacci 然后sl 设定在 -0.27 level.
• the take profit point is at EMA200 on m15, which is the EMA50 on H1 chart.

Railraod track pattern :

• This is a bearish pattern.

The below figure represents the result of the trade, and we can evidently see that the pattern worked exceptionally well.

• Break the previous structure
• With notable bearish candlestick
• Complete the retest and close below the SR flip area.
• The second candlestick close with red