According to Price Action, retracement has been finished @the 0.38 FIB Level. However price could still retrace back to the 0.61 FIB Level. We will now Enter a Long position according to the Chart. If price retraces back to 0.61 we will enter a new Long position. Current Risk to Reward is 1-7 worth taking the risk!
Now is the time to enter this Long Term Trade. XRP USD offers a huge upside potential with a small risk!
2 Potential Sell positions on NZD/CAD with an overall potential of 7R Set SL to BE of the 1 Trade after entering the 2 Trade. Risk management is Key!
2 Possible entries on CAD/CHF with an overall potential of 14R SL to BE on the 1 Trade after entering the 2 Trade! Risk management is key!
We expect a 2 push down to the 0.61 FIB before a new Higher High. However, if we see a break and retest of 30114 we will be entering a long position!
After a strong drop we expect the price to continue with the down move after the retracement has been completed.
Bigger Timeframe Retracement seems to be over. Long term BUY starts.
2 Potential Set ups. 1- Price could break above 1h Structure level and continue to TP 2- Price could make a deeper retracement before running to our TP. Suggestion. Wait for confirmation be4 entering a long position
WE expect a bigger move to the downside once the retracement has finished!
BTCUSD in retracement, after the retracement finishes we should see a continuation to the upsite!