TomHall
Panjang

XRP.USD - Buy The Breakout Opportunity

POLONIEX:XRPUSD   Ripple / Dollar
Trading Pair: XRP.USD
Time Frame: Daily, 4hr & 1hr
Predicted Direction: Long

Live XRP.USD updates will be available in the comments section below.
Komen: A 4hr breakout is now possible.
Komen:
snapshot
Komen: A textbook 1:1 position, i would now be aware of a consolidation period.
Komen: If people got long on this position, i do no expect a pullback so be aware of a quick sharp pullback.
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@TomHall
U mean Chances of Pull back to Lower Level is Less.
We can take long positions from here????
what should be the Target??????
Please Reply.
Balas
@ddrizvi, A potential pullback towards 1.245 is possible.
If / when a pullback occurs i will then know more of a potential entry.
Balas
ddrizvi TomHall
@TomHall,
Thanks for Reply ;-)
+1 Balas
@ddrizvi, My pleasure :-)
Balas
@TomHall What indicator is the red line in the graph above?
Balas
TomHall TOP cryptdoe
@cryptdoe, It's the EMA
Balas
@TomHallI I was wrong on this one, good call Tom Hall
Balas
TomHall TOP cryptdoe
@cryptdoe, I am going to be breaking this setup down a little deeper to give a better insight.
Balas
cryptdoe TomHall
@TomHall, yes please, and I am curious about what is meant by textbook 1:1?
Balas
TomHall TOP cryptdoe
@cryptdoe, A simple 1 to 1 Risk reward
+1 Balas
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