potential scenario from XRP, HIGH RISK - all depends on the fundamentals around who wins the SEC court case Ripple (XRP) are dealing with at present. looking to retrace the buy i caught before the infamous "Pump XRP Telegram Group" incident. classic example of buy the rumour, sell the news. - i wonder if the current structure could be exactly the same, if XRP...
Head and shoulders pattern forming on the 4H chart, lining up for a sell
If price close below highlighted area (PBT&CB), I will go short: This area acted as a strong support three times: if price breaks it and close the day below, I will go short. Search for PA patterns in higher timeframes.
Price found support on 1.75 area then created tension around 1.7840. After fight around this level bears give up and bulls in. I hope more bulls in and bears out as price goes higher. Stop loss levels beyond this level will help to reach our profit target. Possible next stop is around 1.87. Lets see..
- Uptrend - Bullish "flag/triangle" - Strong friday close Entry: Buy-stop above friday high at 0.887 Stop: 0.883 Takeprofit: 0.90 I hope it doesn't gap over my entry...
This is basic price action. Flag found after NFP spike up. And as if on cue... a flag formed, like the they tend to do after spikes or sharp falls. #Lovethissite!
After many frustrating weeks of trading with indicators and several losses I decided to remove my indicators and try price action trading. I've spent the past week studying price action patterns and candlestick patterns. My studying is not over, but I made my first 4 trades last night (Texas) and as of right now all are winners. Thank you to Wave-Trader for the...