XRPLong
XRPUSD Low-Risk Pennant Breakout - LONG
Profit loss ratio can be ~4.5 or more depending on the level of your risk.
There is a strong support @ 0.1932, minor resistance @ 0.2672, and strong resistance @ the psychological level of 0.3000. Set up is for a long position when the pennant pattern breaks.
My strategy:
Stop loss @ 0.1900
Entry target below 0.2080
Profit target 1 @ 0.2600
Profit target 2 @ 0.2930
Please let me know what you think and happy trading to you all.
There is a strong support @ 0.1932, minor resistance @ 0.2672, and strong resistance @ the psychological level of 0.3000. Set up is for a long position when the pennant pattern breaks.
My strategy:
Stop loss @ 0.1900
Entry target below 0.2080
Profit target 1 @ 0.2600
Profit target 2 @ 0.2930
Please let me know what you think and happy trading to you all.
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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.
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.