Hi Mates,
XRPUSD is forming Reversal Head & Shoulders pattern.
Trade: Wait for clear breakout on the slanted neckline and trade when it is price closes above neckline.
Target: Vertical distance between the "apex" of the "Head and Shoulders" pattern and the neckline.
Stop: After a trade entry, if the price closes below the neckline, a potential failure of the pattern is signaled. Place a "stop" order below the neckline.
Good LUCK!!!
XRPUSD is forming Reversal Head & Shoulders pattern.
Trade: Wait for clear breakout on the slanted neckline and trade when it is price closes above neckline.
Target: Vertical distance between the "apex" of the "Head and Shoulders" pattern and the neckline.
Stop: After a trade entry, if the price closes below the neckline, a potential failure of the pattern is signaled. Place a "stop" order below the neckline.
Good LUCK!!!