XRP breakout
XRP has created a higher high, higher low structure on the daily timeframe since its drop around the 20th of september. This trade can be taken with good risk-reward ratio, take profit along the way. The breakout is due to a symmetrical triangle along with an inverse head and shoulder pattern on the daily timeframe. Long term momentum indicators suggest continuation of the uptrend.
TP1: 1.21
TP2: 1.29
TP3: 1.39
TP4: 1.61
SL<1.00
TP1: 1.21
TP2: 1.29
TP3: 1.39
TP4: 1.61
SL<1.00
Trade active
Trade closed: stop reached
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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.