just keeping this simple so i will look for either one to come to me first before taking any trades. there's looks to be a head and shoulders pattern that could form here if we pull back to the top zone. hope you all have a great day. if this starts to change i will update this idea for you :)
On the trading instrument XRP / USD. The tool is liquid, predictable and with a high percentage of earnings .
There is a breakthrough in a very important resistance zone . May be a fracture of the main trend.
Also depicted in advance important areas, if the price can not gain a foothold above resistance.
The coin is now located at an important zone - the...
Logic: in confirmed uptrend following steep correction & 2 month sideways consolidation.
Entry: €365 or better, (ideally to be bought on a pullback into 200D EMA in the €360-€365 area).
Target: €403 initially (gap close), longer term €426, yearly R1 area.
Gain: +10.41% & longer term +16.71%
Note: longer term play in the strongest luxury name.
Logic: close above yearly pivot, in confirmed uptrend & > 200D EMA.
Note: *initial target €7.27, possible gap close in €7.40-€7.80 area.
Logic: economic recovery/bounce back idea.
Entry: €64.50 or ideally at yearly S3 support, €55-€56 area.
Stop: €56 or < €48 in second case.
Risk: -13.18% or -14.29%
Target: initially €78.13, longer term mid €90's
Gain: +21.13% or +39.52%
Note: high risk/reward longer term speculative idea. AIR remains in downtrend.
A pullback trade on the GBPUSD. Attempting to get in on a test of the break out during the UK PMI release.
Target 1 122300
Target 2 122440
Target 3 122765
Stop trailed to breakeven at target 1 and never risk more than 2% of the trading account.
All the best,