Ripple Buy Idea
Updated
W1 - Bullish divergence.
D1 - Bullish convergence, currently it looks like the pullback that we were looking for has happened.
H4 - Pullback happened in the form of two waves down, downtrend line breakout and the price is moving higher.
H1 - Bullish trend pattern, currently it looks like a pullback is happening, we have two buy zones that has formed.
Price has reached the first buy zone, we may now look for bullish setups with bullish evidences (evidences could be in the form of candle stick patterns, false breaks, trend line breakout etc… supporting the bullish view) in order to start looking for the buys.
Alternatively if the price moves lower then the next area to look for bullish setups with bullish evidences would be the second buy zone.
D1 - Bullish convergence, currently it looks like the pullback that we were looking for has happened.
H4 - Pullback happened in the form of two waves down, downtrend line breakout and the price is moving higher.
H1 - Bullish trend pattern, currently it looks like a pullback is happening, we have two buy zones that has formed.
Price has reached the first buy zone, we may now look for bullish setups with bullish evidences (evidences could be in the form of candle stick patterns, false breaks, trend line breakout etc… supporting the bullish view) in order to start looking for the buys.
Alternatively if the price moves lower then the next area to look for bullish setups with bullish evidences would be the second buy zone.
Note
This buy setup moved exactly as per our plan and has provided us amazing profits!
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