Retracement to a bullish order block, set up for a buy entry. Low probability trade so i'm using a tight stop
Selling xrp cause I observed a melting pattern taking place. price should retrace to fill some imbalances made during the surges from prior days.
I expected a retracement which has happened, but I still feel price might touch the POI I highlighted before surging up. Opening a trade now, if it stops me out I enter at the lower entry.
My confluences are the breaker block, the fib ote and the daily bullish order block. Stop loss below today's low at 1.9. Lets see how this goes.
I identified three confluences in the chart. The bullish candle with no supporting wick and the clearing of bsl. 27000 is the main target, I it breaks that we could see 25000 too.
It's been back-to-back losses in my last two published trades, but I'm pretty confident about this. If this doesn't end well also I'm gonna take a break and restrategize. The fear is high now and it's time to be greedy. Mask has made a Break of structure at 4.7, and retraced nicely to: 1. the fib level I love trading wTH 2. a very strong bullish order block on...
I''m buying into the daily candle which retraced to the 61.8% fib level. Its a new strategy I'm trying, fib on high time frame candle sticks.
Waiting for price to drop to 1.4140 to trigger my order for a short trade. Price rejected the bearish OB well after wicking and clearing some buy stops
Filled a nice fvg on the retracement and is back to a region where it accumulated for weeks, also with some nice buyside liquidity around 45700. looks good to go up.
long term i'm expecting 1$, after that liquidity grab on the 28th, December will be green.
After hitting the 70.5 ote fib level , more buys look likely from here to fill the internal liquidiity at TP2
A healthy correction is necessary before more upward targets and i'm shorting it if it happens.