GoldManRay

GoldManRay

This Bullish Flag pattern on the 4-hour chart indicates a potential upward breakout for XRP. After a strong rally, the price entered a consolidation phase, forming a flag-like structure. The pattern is characterized by a sharp move up (the flagpole) followed by a period of downward-sloping price action (the flag). The current price action shows that the flag has...

GoldManRay

Looking at a bullish flag 🚩 formation once the brake out is confirmed that's when we wait for retest then long.

GoldManRay

Make wise investment decisions by taking note of the Gold Market's uptrend market completion before its significant market direction rallies down.

GoldManRay

Flag Condition The flagpole - the asset’s price must trade higher in a series of the higher highs and higher lows; Flag - a consolidation must take place between two parallel trend lines; A breakout - the consolidation can’t take forever. A breakout to the upside activates the pattern, while a break of the supporting line invalidates the formation.

GoldManRay

30 minutes trend line confirmation will be our signal for us to start selling. Stay alert for candlestick formation.

GoldManRay

Lower Time frame show a high bearish momentum which will signal a sell for a short time, level to place buy orders @ 1730.00 Bulls will entering the market. Apply proper Risk Management

GoldManRay

Gold has reached critical resistance, which means we'll see a confirmation by the end of this week of how strong the selling pressure is.

GoldManRay

Once it breaks out that's the best confirmation to go long

GoldManRay

Remember we still in a lock down period in Italy and US it seem not begin affected by the rise of the corona virus.

GoldManRay

First Resistance zone reached