162Trading

The Ripple Long Trade

Long
162Trading Updated   
Ripple has had a pretty big bearish move and now seems like its ready to recover.
We've broken out of the bearish trend, and now we're consolidating.

Stops below previous resistance. (1.117)
Profits at retracement levels! TP 1 (2.387)
TP 2 (2.800)

Only issue I can see is that the CME contracts expire on the 26th. Something to watch out for!
Comment:
Trade is invalidated and was never active, we never broke the flag!

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.