We have a big (doubled) cloud that we are looking to pop into after this consolidation in ripple. It aligns roughly with a retrace up to the .5 .618 level.
RSI drifting up, we have long term support that appears to be strong. Come the end of Sept we will likely see a TK cross on the doubled cloud here.
Combine all that with the bottomy range we have experienced after a mini pump... Overall this appears to present a very low risk high reward scenario going into the fall.
Happy trading!
RSI drifting up, we have long term support that appears to be strong. Come the end of Sept we will likely see a TK cross on the doubled cloud here.
Combine all that with the bottomy range we have experienced after a mini pump... Overall this appears to present a very low risk high reward scenario going into the fall.
Happy trading!
Trade closed manually:
Rejigged some of my indicator settings, need to rethink the entry. Still think it has upside potential though.