Head & Shoulders Formation - $1.05 Short Opportunity

تم تحديثه
Currency Pair: XRP.USD
Time Frame: 4hr
Predicted Direction: Short

Live XRP.USD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
ملاحظة
Attached below is an illustration of how i generate a H&S trade opportunity.

Head & Shoulder Trading Strategy
ملاحظة
Although i have identified a trade opportunity and potential trade levels, should price not meet the rules or not break the H&S then there will be no trade execution.
ملاحظة
Given the setup and pair i would wait for a clear close below $1.056 prior to a short opportunity.
ملاحظة
Breakout is now confirmed.
ملاحظة
Price tracked perfectly alongside ETH, i hope everyone was able to take advantage.
ملاحظة
Price is forming bullish RSI divergence on multiple timeframes, expect a pullback towards .96
Chart PatternsTechnical IndicatorsTrend Analysisukforexsignalsxrpusd

إخلاء المسؤولية