Hello my beautiful traders.
XRP/USD is going through a phase of Wyckoff reaccumulation, in my opinion. I will not take the trade until I find myself seeing a confirmation in the SOS (Sign Of Strength) that would lead prices above the red trading range.
If that's the case, I would take my entry on the breach and retest of the range itself.
For the most aggressive traders, now is a good time to enter! I personally wait for confirmation.
I suggest you go take a look at the Wyckoff trading strategy yourself, here's an helpful link:
school.stockcharts.com/doku.php?...
Drop a comment below if you'd like me to analyse a pair that you're interested in!
If you found this idea to be educational and/or helpful drop a like and follow.
Peace.
Luca, TrickleDown FX
XRP/USD is going through a phase of Wyckoff reaccumulation, in my opinion. I will not take the trade until I find myself seeing a confirmation in the SOS (Sign Of Strength) that would lead prices above the red trading range.
If that's the case, I would take my entry on the breach and retest of the range itself.
For the most aggressive traders, now is a good time to enter! I personally wait for confirmation.
I suggest you go take a look at the Wyckoff trading strategy yourself, here's an helpful link:
school.stockcharts.com/doku.php?...
Drop a comment below if you'd like me to analyse a pair that you're interested in!
If you found this idea to be educational and/or helpful drop a like and follow.
Peace.
Luca, TrickleDown FX
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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.
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.