EliteFxAcademy
Short

XRP short example on 15 minutes timeframe read description

BITFINEX:XRPUSD   XRP / U.S. Dollar
If bitcoin moves market down (breaking on 6170 support), then Ripple might go with it, even if those two are not in very same correlation. Total market will go down.

In Ripple's case price failed 3rd break out from H4 resistance level . which is so embaracing and lazy movement on buyers side. Ripple is might be waiting for bitcoin move or it could be anything, but to fail 3rd time. then we should start looking for sell position. But this is different, because we will try to catch this bearish test on 15 minutes timeframe, to see how momentum will react on lower support levels xrp might be going to test it.

Break out has to be clear like we draw in our analysis.

Targets are first and second but because of downtrend, who said that price is not able to test even lower targets. (more in suggestions trading room on how to act for the right moment decision*)


Elitefxacademy

Comments

Thank you for your set up. I set up Sell Stop on your first target.
Reply
EliteFxAcademy Michael_inv
@Michael_inv, keep following us. You can join our free suggestions (more organized and better trading set ups*) - go to website and subscribe, then send us message on support
Reply
Good idea,
here is my POV
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out