XRPShort
BEARISH BIAS ON XRPUSD
Starting from the daily TF we can see price completing the right shoulder of head and shoulders pattern which occurred at the key resistance level at 0.80000.
Further confirmation for bearish move can be seen as price was rejected at the GOLDEN RATIO( 61.8%) o the fib pulled on the of the pattern. we can look for entry upon the retest of the broken 4HR support structure TP at 0.64000.
Further confirmation for bearish move can be seen as price was rejected at the GOLDEN RATIO( 61.8%) o the fib pulled on the of the pattern. we can look for entry upon the retest of the broken 4HR support structure TP at 0.64000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.