AlphaCurrencyTrader

XRPUSD LONG the pullback

Long
XRP is extremely bullish here.

Looking to enter just above the .786 Fibinocci pullback

Entry:

Between $1.47/1.44

Take Profit 1: $1.67
Take Profit 2: $1.95

Stop Loss: Invalidated with a break and close of $1.30
Trade active
Comment:
Retested the level again, this should hold. At least for the remainder of this trading day. Lets rip!
Comment:
2000 pips in 4 hours :P
Comment:
Target #1 Acquired! 2,000/ 2,300 pips in less than 12 hours!
Trade closed: target reached
Comment:
Holding half for Target #2 with stop loss at break even. This is now a risk free trade with profit locked in, happy Friday! :)
Trade closed: stop reached:
Remaining 50% was stopped out at breakeven after the flash crash on Saturday.
If you followed this you still locked in 2000+ pips on 50% of your investment!
Onto the next...

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.