Head & Shoulders Formation - $1.05 Short Opportunity
Actualizado
Currency Pair: XRP.USD
Time Frame: 4hr
Predicted Direction: Short
Live XRP.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Time Frame: 4hr
Predicted Direction: Short
Live XRP.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Nota
Attached below is an illustration of how i generate a H&S trade opportunity.
Nota
Although i have identified a trade opportunity and potential trade levels, should price not meet the rules or not break the H&S then there will be no trade execution.Nota
Given the setup and pair i would wait for a clear close below $1.056 prior to a short opportunity.Nota
Breakout is now confirmed.Nota
Price tracked perfectly alongside ETH, i hope everyone was able to take advantage.Nota
Price is forming bullish RSI divergence on multiple timeframes, expect a pullback towards .96
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