From a new ATH of .75 on Feb 1 we saw a MAJOR .40 correction (outside of our consolidation box) ' The consolidation box is .41-.48 just showing alot of push-pull momentum.
Feb 10th we saw a breakout test for .54 that failed.
We are now consolidating around our last ATH of .50
I anticipate a breakout upward to the .60 zone if not to test a NEW ATH.
DXY has been on a blood bath the month of FEB.
entry:.531 entry:.498
SAFE ENTRY: .507 TP: .633 SL:.492 1:4 risk/reward ratio
**FAIL IF UNDER .4702**
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Trade flourished perfectly. Two separate opportunities to TP. Retrace to the entry level. Testing more momentum.
Hey, I don’t really think it has broke past anything yet though. I’m using the Heiken Ashi candles.
chestephens1
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@JudaIsrael2, your anything is nothing to me. We are on two different charts #1. #2 I clearly state it broke out of MY consolidation box. Use better wording next time.
JudaIsrael2
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@chestephens1, I just responded just to have a cool conversation about the market. You never said in your first comment “out of MY consolidation”. You just stated that xrp broke out of consolidation testing at .60. It doesn’t matter which chart your looking on. Market structure don’t care about “your” consolidation. I’m just saying that clearly it didn’t break anything yet.Why get upset at that?
JudaIsrael2
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@JudaIsrael2, Now it has broke and it’s around the .50
chestephens1
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@JudaIsrael2, Don't take it to heart mate.. But i did say our consolidation box not my so i apologize for wording but you see my vision which is all that matters... safe trading.
JudaIsrael2
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@chestephens1, Oh you’re good bro. I thought it was going to hit around .65 last night before the draw back for some reason.