If it breaks out this wedge we should finally see an official price reversal and an upside. I’d put my stoploss at 1.27460, anything below may continue down. CAD is bullish atm however we can see this pair finally turn to the upside.
We'll see a jump to key levels, 60% fib would be .265 area.
On this current "rally" we see a strong uptrend with an attempt to break down but keeps pulling uptrend. Lets GOO!!
We should see this XRP reversal get sent down to the .248 area before it continues its rally up north.. And when I say up north, I mean, UP NORTH. Until then, we wait for a proper buy zone. In a sell counting my dollars until its buy time.
If price retraces and makes it way to 1630 we should see it reject and take off bullish. If breaks 1630 it should continue down, however if it doesn't. BUY STOP at 1640 for confirmation and ride it to 1700!! once price passes 1670 by 50 pips whatever SL you have i'd move right to 1670, keeping break even in profit should have no problem breaking 1700 after this.
