mzungu2017
Long

End of pennant - waiting for breakout

BITFINEX:XRPUSD   Ripple / U.S. Dollar
Waiting for clear breakout confirmation.

If closed bar above 2.10:
Target 1: 2.45
Target 2: 3.13

If closed bar below 1.80:
Stop at 1.60
Comment: Previous resistance 2.10 is now support.
15m bar enough to confirm? Thx!
Reply
mzungu2017 TimDeleeuw
@TimDeleeuw, no, the 15m chart is misleading, sorry. I would say a least 30m bars.
Reply
mzungu2017 TimDeleeuw
@TimDeleeuw, actually very good question. Probably one should even look at the 4 hours chart!
Reply
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