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Acel
Jan 17, 2019 6:51 PM

XRPUSD Liquidity Engineered - Technical confluence Long

XRP / DollarBitfinex

Description

Matching VPVR profiles on XRPUSD pair, expecting swipe of this week's lows before a move up.

Comment

Low was taken which qualifies the structure as A-B and not 1-2, meaning XRPUSD is probably trading inside a small bearish triangle from Sept 2017 onwards OR a much bigger bullish triangle since ATH.

Comment

Took 50% at the 2 grey lines above, moving the stop just below 0.29 since that's a full retracement of the impulse.

Trade closed manually

Closed manually. Structures look corrective either a big triangle since the big pump that will break down or some kind of complexity / ending diagonal.
Comments
UncannyDeduction
Looks cool anyways.
UncannyDeduction
What is that? Did you code it?
Acel
@LogicalDeduction, Indicators -> volume profile -> fixed range
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