Description :
Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell limit entry at 1608.91, where the overlap resistance is. Stop loss will be at 1699.66, where the recent high is. Take profit will be at 1338.20, where the overlap support is.
Trading Recommendation
Entry: 1608.91
Reason for Entry: overlap resistance
Take Profit: 1338.20
Reason for Take Profit: Overlap support
Stop Loss: 1699.66
Reason for Stop Loss:
Recent high
