XRPLong
XRPUSD Low-Risk Pennant Breakout - LONG
Profit loss ratio can be ~4.5 or more depending on the level of your risk.
There is a strong support @ 0.1932, minor resistance @ 0.2672, and strong resistance @ the psychological level of 0.3000. Set up is for a long position when the pennant pattern breaks.
My strategy:
Stop loss @ 0.1900
Entry target below 0.2080
Profit target 1 @ 0.2600
Profit target 2 @ 0.2930
Please let me know what you think and happy trading to you all.
There is a strong support @ 0.1932, minor resistance @ 0.2672, and strong resistance @ the psychological level of 0.3000. Set up is for a long position when the pennant pattern breaks.
My strategy:
Stop loss @ 0.1900
Entry target below 0.2080
Profit target 1 @ 0.2600
Profit target 2 @ 0.2930
Please let me know what you think and happy trading to you all.
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