XRP has been in a very clear symmetrical triangle consolidation after a downward reversal trend change. Although symmetrical triangles are neutral patterns to be traded on breakout, the fact that it is a consolidation of an uptrend increases its probability of breaking up. Targets shown in chart.
Please use good money management. Always remember to take some profits and move SL to cost after the trade has reachedits half length.
Sound money management is the key to long term success in trading.
Please use good money management. Always remember to take some profits and move SL to cost after the trade has reachedits half length.
Sound money management is the key to long term success in trading.
Trade closed: stop reached