XRPUSD: Buy Setup

27 במאי 2019

From the Elliott wave point of view, the price has finished the ABC correction in the 4th wave of the bullish cycle on the H4 chart. When the price forms a buy fractal above the Alligator line and breaks it - it would be an optimal level to go long with targets at wave 5. Take profit level is identified on the chart using trend-based Fibo extension. Stop loss below the 4th wave.