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 short GBPUSD TO 1.28000 range.
Buying GBPUSD from 1.28000 range to 1.29000.
Selling GBPUSD from 1.29000 range to 1.25000.
We will be waiting on price action to confirm entries at the ranges.
Note: This is a long term analysis that may or may not play out, we will be using intraday accuracy based strategies to ride the trends.
Entry criteria: Do not enter if the price breaks the selling area. Wait for a reversal to enter.
Exit criteria: When the price hits target 1 put SL to breakeven. If price breaks target 1 area with momentum then TP at target 2.
Trade at your own risk.