Hello friends, assalamualaikum. I hope you all are well, and welcome to the forex trading world. The talk today is not only about the market but also about the news affecting it. Ethereum is the topic of today's trading, and we will discuss its market. At the time of writing, Ethereum was the second one-biggest cryptocurrency in this morning's session. Cryptocurrency markets mainly consolidated in the current session, with the global marketplace cap up 0.12%. Ethereum's fee, hovering around $1,200, additionally remained unchanged.
Economic News: RBA Gov Lowe Speaks Information events for AUD today will significantly impact the market.
Ripple Close trade: Today my closed Trade is of Ripple, which I had to buy, and now I have closed it. The lot size in such a trade is 0.10. So I have made a loss of 7.30 dollars in this Trade.
Ethereum running Trade: Today our active trades are in Ethereum. We have set 0.08 for lot size, whose entry point is 1219.36. It has been rejected since 1217.76 is no longer a resistance zone for Ethereum. Shortly, Ethereum prices will reach the 100 EMA line as it is above the 100 EMA line. My Stop-Loss is below the 1203.90 support level. When the Ethereum charge breaks the 1137.50 resistance level area and hits my Stop-Loss, I open a buy Trade to recover my losses. Ethereum Take-Profit becomes 1288.25 above a hundred EMA line. Sixty-five percent of the time, the fee will hit my Take-Profit zone now that the Trend is bearish.
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