From the XRP/USD analysis, we can see investors finding value at $0.26 area (Buying area). We can expect this area to hold as support and provide enough liquidity to shoot up to the target area of $0.55 (Percentage gain: 111%). This is a short term target, we may see larger moves incoming in 2021.
Personally looking for selling pressure in either of the two highlighted areas, price action will be used for optimal entry. Targets are around 170-180 pips depending on the setup, can see price reaching 1.29300-1.29000 region midterm.
This is my personal outlook for GBPUSD .
Looking to Buy GBPUSD from the Buy range (1.28000-1.28150) , Target is near the 1.29000 level (+-100pips).
Only enter this trade if you see a reversal pattern or bullish price action on the 1H chart.
We can see indecision candles forming on the daily , this can result in price consolidating between these two levels.
Looking to short GBPUSD from the sell zone (1.29000), we can see there is a 4h R1 pivot and a 15min daily R1 pivot in this zone. My target is to 1.28400 this is close the gap also.
Only enter if you see a reversal pattern in the sell zone!
Do not enter this trade if the pair closes the gap before price hits the sell zone.
Looking to Buy EURGBP as its in a uptrend. We have seen price break previous resistance and now testing the new support. We can see price bounce up from Buy range or the 200MA. Target is 0.90500 (60-70pips).