Xrpusdt formed a ihead and shoulder pattern

Xrpusdt formed a ihead and shoulder pattern

Buy area
2.2-2.05

Targets are 2.37 tp 20%
2.6 tp 50% then move to breakeven
2.9 100%

Invalidation bellow the right shoulder
2.02

Note

Either manually close the trade if the price closes below 2.02, or set your stop-loss order below 2.02.

Pros of closing below: Prevents being stopped out by a liquidity sweep.
Cons of closing below: Results in a potentially higher loss.

Pros of a stop-loss below: Limits the risk to a precise amount.

Cons of a stop-loss below: Increases the possibility of being stopped out prematurely.

Can do both actually, stop limit half then stop manually half. So if liquidity sweep happens you still have your half.

Trade active

Tp 2 almost reached, you can take some profits now 50% total holdings, then move stop to break even.

Note

Target 2 reached

Trade closed manually

Formed a bearish h&s pattern in 1hr time frame.

May fall down to 2.05

Note

I will not wait to hit my breakeven price before i trail stop.

axxxis666

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axxxis666