suspect102

Weekend XRP/USD Long

suspect102 Updated   

Trend Line was respected around 0.32400 zone where I anticipated a nice bounce back from there

As you can see my first Take profit is at 0.34179 which has been a key reversal zone in prior price action if we are able to break through that zone I will be anticipating my take profit level #2 at 0.35044 which is another reversal zone and also is a strong supply zone

My EMA's have crossed blue over red blue being bullish red bearish which indicates we have more buyers in the market you will be able to see where they crossed I have them circled in purple My buy limit is set at 0.32913 as im waiting for this to get activated if I start to see a reversal I would recommend market executing this incase if the spread with your broker may possibly slightly miss this limit


Stay Humble traders and don't get greedy plenty of moves to catch and have a blue profits weekend!!
Trade active:
Buy Limit has been activated $, will be using a trailing stop once price moves higher
Trade closed: target reached:
Take profit 1 smashed & surpassed take profit 2 came within reaching distance close partial order and let it run risk free or close the full order and enjoy your profits $$
Comment:
Price wicked up and missed take profit 2 by 36 pips, if staying in place trailing stop to make sure profits are locked in tp2 should be smashed by the morning
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.