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aamonkey
Sep 1, 2018 10:22 AM

XRPUSD Reversal in sight? Long

XRP / DollarBitfinex

Description

This is my EW count.

We just finished an ABCDE correction in this falling wedge and now have a potential one wave.

Comment

This is how I will trade this:
- I wait till we break out of the flag
- then I will start taking profit at the 30% gain lvl
- using trailing stop losses I will try to get some more %
- Because as you can see I see more than 30% potential in this trade
- However don't be greedy

Comment

This worked out perfectly:

Comment

Now let's get the next trade. This is where I am looking to buy next:

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