Overlooking the entire chart data we have on XRP, we can see that the largest impulsive price movements are found every 261 days on average, indicating that end of January/Start of February may show another large impulse to the upside.
We are going long on GBPUSD based on a solid bullish continuation pattern.
These are our trade parameters. TP1 will be taken only if we see resistance at 100% of the price action move.
TP #1 - 1.30835 ( pips 44 / RR+ 44.3 )
TP #2 - 1.31080 ( pips 68 / RR+ 3.36 )
SL - 1.30185 ( pips 21 )
PATTERN: Bullish continuation pattern with price finding...
The view from the above.
See the very same pattern?
It is the expected hard trend breakage.
It is already happening!
That's why there's so many confusion around.
The same pattern, the same conditions, the rally is still on!
If we fail then a new WXYZ will form:
The failure can be confirmed with the price moving below...
After breaking out from the descending wedge we got stopped at the 0.5 Fib level- 1st yellow arrow -
Some profits taken there , I was hopping we will retest back on the top of the wedge , but it seems that we are forming a bull flag,
Measure move up will be the length of the pole and that will send us straight to the 0.786 Fib level- third yellow arrow -...
Break of previous downtrend so we was waiting for a retest and a bullish move. We waited for our long confirmations to be met and we entered in the buy zone. This was predicted to catch 80+ pips. Apologies for the delayed upload. @aleemkhan7
As seen on the right (1W) Facebook has been ascending since Christmas 2018 and is now approaching the 2018 high of 218.7. We have a slight retracement on the 4H giving us an ideal entry to TP @ 218 and tight SL @ 210.5. If TP is hit it will provide a better buying opportunity - if we reach 218 we will then re assess reaction to the previous high.