XRPUSD Rising Wedge 4HR
By now my followers should know the deal: getting plan ready, wait for break, TP based on break, SL at last swing.
We are looking for a downward move out of this pattern.
Entry: When bar closes beyond pattern, or fully confirmed with 1 full bar outside pattern
TP: Expect a 0.0347 move * chance of reaching target (0.63 or 63%) and we get a target of 0.02218$ from breakpoint. (around 9% move)
SL: Last swing high which should be approximately 0.26466
Pattern info: thepatternsite.com/risewedge.html
We are looking for a downward move out of this pattern.
Entry: When bar closes beyond pattern, or fully confirmed with 1 full bar outside pattern
TP: Expect a 0.0347 move * chance of reaching target (0.63 or 63%) and we get a target of 0.02218$ from breakpoint. (around 9% move)
SL: Last swing high which should be approximately 0.26466
Pattern info: thepatternsite.com/risewedge.html
Note
Nearing break, enter after 1 bar confirmationTrade active
Entry: 0.24678Note
SL moved to breakeven + a few points
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.