XRP WHICH WAY? (EARTHTRADER ANALYSIS)
With overall market bearishness, we could see Ripple move down to the external range liquidity region after its initial unwillingness to settle there but rather move up to claim more orders at the order block. As you all know, I deal mainly with scalps and intraday, this is a good 3.3RR!
I have drawn outlines for possible entry, exit, and stop out orders. I based my entry on the order block created in the 1H timeframe, and still on that timeframe we see our entry at the golden zone called O.T.E which will mark our confluence. O.T.E, Bearish OB, Premium sell, Liquidity sweep all used as our confirmatory confluences. Only an institutional news will render this analysis invalid.
LEAVE A FOLLOW!
I have drawn outlines for possible entry, exit, and stop out orders. I based my entry on the order block created in the 1H timeframe, and still on that timeframe we see our entry at the golden zone called O.T.E which will mark our confluence. O.T.E, Bearish OB, Premium sell, Liquidity sweep all used as our confirmatory confluences. Only an institutional news will render this analysis invalid.
LEAVE A FOLLOW!
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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.