XRPUSD: short term short oppertunity
Updated
1. decending triangle after the third impulse wave. (elliot waves)
2. Support is strong at 0.65 fib level, only been touched twice since it turned to support from resistance.
important: reduce the stoploss in order to obtain a risk reward ratio of 2-2.5
2. Support is strong at 0.65 fib level, only been touched twice since it turned to support from resistance.
important: reduce the stoploss in order to obtain a risk reward ratio of 2-2.5
Trade closed manually
moving sideways like that from a descending triangle is not a good sign.
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