XRPUSD Rising Wedge 4HR
Updated
By now my followers should know the deal: getting plan ready, wait for break, TP based on break, SL at last swing.
We are looking for a downward move out of this pattern.
Entry: When bar closes beyond pattern, or fully confirmed with 1 full bar outside pattern
TP: Expect a 0.0347 move * chance of reaching target (0.63 or 63%) and we get a target of 0.02218$ from breakpoint. (around 9% move)
SL: Last swing high which should be approximately 0.26466
Pattern info: thepatternsite.com/risewedge.html
We are looking for a downward move out of this pattern.
Entry: When bar closes beyond pattern, or fully confirmed with 1 full bar outside pattern
TP: Expect a 0.0347 move * chance of reaching target (0.63 or 63%) and we get a target of 0.02218$ from breakpoint. (around 9% move)
SL: Last swing high which should be approximately 0.26466
Pattern info: thepatternsite.com/risewedge.html
Note
Nearing break, enter after 1 bar confirmationTrade active
Entry: 0.24678Note
SL moved to breakeven + a few points
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