XRP USD Looks like its ready to follow Bitcoin BTCUSD Higher Into New Highs Imminently. Although our initial Buy zone was not triggered we like the Risk to Reward from here. Also note that the initial Take Profit zone setout in the chart is just that and most likely a Major Pivot where we would anticipate adding to our position with the right timing. $1...
Although XRP has been in the headlines a lot recently regarding US regulators we still like the long side of this Crypto currency and have been adding to our exposure since its major selloff. However we dont see a great location to add to our position around these levels. Unless one is prepared to have a considerably high risk tolerance to this Crypto we would...
We are still very Bullish GBP so are only trading it against the weakest currencies at the moment. Our Currency Heat Map suggest we still need to be Trading GBPJPY and GBPCHF we also have been intraday trading GBPUSD
We will reconsider a reentry if stopped out.
Good reaction from Key level identified We are hunting pullbacks to buy across GBP pairs.
We are looking to add to the Long we are still holding since Tuesday 19/01/2021 Ideally we get a better pullback to enter lower than current price Risk Reward still looks good. Our first take profit at 0.7920 but we like it even higher and will extend target depending on PA.
Our levels from last week remain in place as our green zone still help and showed great support. We like a run from out marked out plan we added to out position just above our planned entry on latest shared setup.
If our higher 43k level breaks Bitcoin may be ready for it next big run we scaled a bit back in at our green support area we dont want to see that area tested again. Not yet anyway until a New all time Bitcoin high again.
Not too convinced either way just yet will let the market play out for a few hours before any real conviction.