Head & Shoulders Formation - $1.05 Short Opportunity

2018년 2월 19일

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.

2018년 2월 19일

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Attached below is an illustration of how i generate a H&S trade opportunity.

2018년 2월 19일

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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.

2018년 2월 20일

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Given the setup and pair i would wait for a clear close below $1.056 prior to a short opportunity.

2018년 2월 20일

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Breakout is now confirmed.

2018년 2월 21일

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Price tracked perfectly alongside ETH, i hope everyone was able to take advantage.

2018년 2월 25일

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Price is forming bullish RSI divergence on multiple timeframes, expect a pullback towards .96