LTCUSD has presented us with a brilliant looking trade scenario.
Price is trading in a pennant, and will eventually break to the upside or downside.
General rule suggests pennants of this form will break to the upside, but LTC may be due some downside to meet a key level, so we keep the possibility open.
If price breaks to the downside, 180 pips downside...
The charts says it all.
Let's go with another successful trade. Not much time to explain, we are moving fast right now, and we should expect this soon.
If the first trade fails, DO NOT enter positions on the 2nd second. They should happen in this order.
If we close the daily above the take profit region of the first trade, DO NOT enter the 2nd trade.
XRP have neven dipped below $.40 since it have crossed it,
that makes us believe that $.40 levels will act as a strong support for a xrpusd pair.
Also most of the parameters look good for a upward movement.