XRP H1 H&S Short

XRP / DollarBitfinex

Description

⋅ Dec 31, 2018 4:37 AM

Taking short position on XRPUSD

Looking at a clear Head & Shoulder Pattern on the H1 time frame
Bearish engulfing pattern on the H4 time frame
Lower highs on the H1 time frame
and a potential cross coming of the 8 and 21 Ma

entry between .37.4-.37
Sl: 0.38
target 1: 0.35
target 2: 0.34

Trade closed manually

⋅ Dec 31, 2018 6:45 AM

Ugly dragonfly doji on H1. Closing position at entry