Hello traders,
XRPUSD - There is a chance that the correction will soon be over which will result in the 3rd impulse with a target of 80 cents or we could have a small pull-back correction before dumping 1 more time to make a new low and then we start the impulse upwards to the same target.
Before you buy make sure you wait for a decent sized impulse, for example ( 28 cents up to 31 cents ), let it correct and then look for your flags on the smaller time frame to get into the action for the next move.
I wouldn’t sell here even though we could just dump right now for a new low, it is way too risky and the reversal will probably be extremely fast if it does go down from here. The risk/reward ratio is not worth it.
My opinion would be to wait for a good buy set-up.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & give me a follow if you like what you see.
Thank you,
Good luck
XRPUSD - There is a chance that the correction will soon be over which will result in the 3rd impulse with a target of 80 cents or we could have a small pull-back correction before dumping 1 more time to make a new low and then we start the impulse upwards to the same target.
Before you buy make sure you wait for a decent sized impulse, for example ( 28 cents up to 31 cents ), let it correct and then look for your flags on the smaller time frame to get into the action for the next move.
I wouldn’t sell here even though we could just dump right now for a new low, it is way too risky and the reversal will probably be extremely fast if it does go down from here. The risk/reward ratio is not worth it.
My opinion would be to wait for a good buy set-up.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & give me a follow if you like what you see.
Thank you,
Good luck
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.
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.