Have a look at the trading plan in related ideas.
Check related ideas for more background.
MACD crossed Bearish daily trend broken RSI > 50 All set. Target: 200, R/R: 1/2.
I closed my previous position at 0.46. I believe the run will continue during the next few days but at the moment the 4H chart is hugely oversold. I will hope for a small retracement to the 0.37-0.38 level to buy again. If it doesn't happen, well, bad luck! Don't force your trades!
Check the perfect bullish trend line in the hourly chart. BITSTAMP:XRPUSD
Short term resistances at 0.31 and 0.36. Bullish hourly trend behind.
BITFINEX:XRPUSD
BINANCE:GNTUSD - Retracement to the .5 fib - Weekly RSI is trending upwards - and a huge resistance at 0.1 has hold.
BTCUSD is now on the 0.382 of its latest bullish run since December and would create a new bullish trendline (in green) if it manages to pull back from its recent decline. Otherwise, the fib 0.500 and more ancient yellow bullish trendline would be another nice entry point.
So everyone seems to see the AUDNZD bullish this year. But to me, this graph looks rather bearish...
.788 fib of the previous bullish trend is at .87286. It seems to have been a resistance in the past. Thus: SL just below .87286 P/R reward 4