For the record, I am not a lunatic but rather an unconventional sort of outlier-type of thinker. What can I say... other than that I can not help myself from doing so 😁
From current book titles of "Principles for Dealing with the Changing World Order" to symmetrical price patterns, to brief excursions into some possible contrasts from ancient history with...
XRP has followed a very consistent pattern found on the monthly chart via it's rises, retraces and closes. It isn't hard to see. Note my previous linked vids I have done in the past. There is no sense in churning out vid after vid each week on XRP like all the Youtubers who need their click revenue. But then again, maybe you're trying to scalp or day trade it....
I'd like very much to be wrong about this as a close family member is practically betting the farm on this thing going on for an epic rally. I'd very much like it to because there is a promise of a trust fund in my name if it does - LOL!
Was anticipating a run on sell stops at current weekly low based on the weekly close above the last down bar's 50% (So often a retrace occurs).
Price DID come to my alert to take some profit, of which I was asleep. Closed trade before full stop out and went long.
Just a recap of the previous trade and a re-entry attempt. As mentioned in the last post I journaled the following "The h4 shows a price inefficiency, which could be rectified prior to upside movement. Makes me a bit cautious." Thus far, the price inefficiency (Gap) has been closed.
Just a quick look at the AUDNZD 'possible' short scenario and some COT data. Recap on the current GBPCHF long - so far so good. A good start of the month. Have a great rest of the week.
Daily trend is down price came up and triggered my alert early on the 17th to go short, didn't see any clear rejection. Price sold off eventually and came down and cleared the daily gap, retraced then showed very clear direction toward the end of the trading session. After what appeared to be a stop hunt of the initial alert retest, price seems to be showing signs...
Price is contending with the a group of weekly down candles and its 50% area. Seeing the consolidation below the EQ (50% area) was a nice clue. We shall see if price can get up the prev weekly high, which we know there will be resting BUY STOPS!
