DariusFxTrading

XRPUSD (Ripple) long - M Formation

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
On the weekly timeframe XRP has a M Formation. So the price could go up higher. We already have enough Retracement to the upside, but the market has started a very nice impulsive followed by a correction on the daily timeframe . We could expect a deeper move to the upside on the weekly timeframe .

Long Term of course much more moves to the upside.

What do you think?

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