XRP is my biggest position :) (more clear)Been buying dips along accumulation period in the 9k to 11k range. I wanted to make a more clear drawing of my prediction.
my stop loss is set to sell below the purple major trend line demonstrated in the drawing.
thinking it will hit 20K reject providing a secondary entry in the 17k to 18k range then another target for 34k to 36k range.
Let me know what you think! and I apreciate any form of feedback
Stay profitable!
LINE
DXY: USD LongThe Dollar has made new highs and with 2017 being a potential year for more rate hikes there are really no sign to not long the Dollar. I believe the dollar will make its way to test the trendline on the weekyl/monthly time frame. I would wait for a pull back into previous resistance/now support to enter long.
EUR/CAD - SHORTPotential for a nice short trade of 200 pips or more from this setup. Just broke out of the daily corrective structure to the downside. Now in a period of consolidation and moving sideways in the market. Will be looking for a break of the consolidation on the lower time frames to get an entry on this one.
Let me know what you think.