XRP | The Mavericks of CryptoXRP is the Mavericks of crypto and you don't just paddle out into the swell thinking you're gonna charge into glory. Going over the falls or getting the eternal hold-down is the fate of many who don't respect, or understand what it is. True DeFi is a noble vision but as some have said "they will roll out their tanks" before they let us have our own currency. It's just not gonna happen, so may as well dive in and swim with the sharks because big fish eat little fish, the end.
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Engulfment
GBPNZD 15M US SESSION SCALP SHORT TRADETradingstrategyguides
EDUCATION
GBPNZD 15M US SESSION SHORT SCALP 56 PIPS
British Pound / New Zealand Dollar (FX:GBPNZD)
Tradingstrategyguides
Trend Analysis Chart Patterns Technical Indicators mpattern Inverted Hammer swinghigh pinhammer stophunt engulfment fibarclevels tradingstrategyguides 15m
1st Chart
7 AM EDT - Bearish Reversal M Pattern developed - Trade Bias Short
2nd Chart
6:45 am EDT - Inverted Bearish Green Body Hammer created swing high
7 am EDT - 2nd candle is a High Bull candle. High Bull candle is highest green candle body that closed. We are going to use the bearish wick low of the High Bull Candle as the level for the engulfment breakout to take place. 1st engulfment is the 7:15 am candle body engulfs the 7am candle. The breakout 2nd engulfment candle is the 7:45 am candle.
7:45 am EDT candle is a Pin Hammer candlestick . The bullish wick of this candle is a stop hunt into the high of the inverted Bullish Hammer . This is a stop hunt for those traders who entered a short trade from the inverted hammer entry bullish signal to hit their breakeven stop level.
7:45 am EDT - ENTRY - Short Stop Order made at High Bull candles low @1.9115 .
Stop Loss above inverted hammer's high.
Take Profit found using the Fib arc indicator adjusting levels every 100% up 600% level for Take Profit levels.
Measured Move levels are calculated from a fib arc indicator