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Bearish triangle has formed. Selling on a clear breakout down to target 1.
Ripple has been forming its own wedge on the 4-hr time-frame. Proximity to the apex of the triangle suggests it could break at any time now. In line with the trend off the May high, a downside resolution is slightly favored. But, with these patterns we have to take a reactive stance as symmetrical triangles are, in of themselves, directionless in their ...
Bearish wedge, wait for a close outside and short.
We're looking for a huge push tonight when the eco data is released, if as expected JPY should weaken massively at 1:50GMT while the USD is pushing for the bullish momentum once more. This should be enough to break the 110.370 resistance area.