Hello my beautiful traders.
XRP/USD is going through a phase of Wyckoff reaccumulation, in my opinion. I will not take the trade until I find myself seeing a confirmation in the SOS (Sign Of Strength) that would lead prices above the red trading range.
If that's the case, I would take my entry on the breach and retest of the range itself.
For the most aggressive traders, now is a good time to enter! I personally wait for confirmation.
I suggest you go take a look at the Wyckoff trading strategy yourself, here's an helpful link:
school.stockcha...ts.com/doku.php?...
Drop a comment below if you'd like me to analyse a pair that you're interested in!
If you found this idea to be educational and/or helpful drop a like and follow.
Peace.
Luca, TrickleDown FX
XRP/USD is going through a phase of Wyckoff reaccumulation, in my opinion. I will not take the trade until I find myself seeing a confirmation in the SOS (Sign Of Strength) that would lead prices above the red trading range.
If that's the case, I would take my entry on the breach and retest of the range itself.
For the most aggressive traders, now is a good time to enter! I personally wait for confirmation.
I suggest you go take a look at the Wyckoff trading strategy yourself, here's an helpful link:
school.stockcha...ts.com/doku.php?...
Drop a comment below if you'd like me to analyse a pair that you're interested in!
If you found this idea to be educational and/or helpful drop a like and follow.
Peace.
Luca, TrickleDown FX
