**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
