BodiesXWix

$XRPUSD - Just Missed Entry to Buy - Might Retrace- Aim to .2600

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BodiesXWix Cập nhật   
Enter more in a min. Looking to take out liquidity.

He's the last weeks worth of price action on XRP. You can see the consolidation a few days ago and it makes a quick spike up just before it dives down taking out all the buyers in that zone. People chased it down and it turned around and with right back up higher than the previous consolidation zone. Equal highs just above that it wants to take out. and it wil dip about 70.5% -80% on your fib level forthe perfect entry. Unfortunately I wasn't looking at this chart early enough to see that. but it's not too late to enter for a scalp. just aim for just above the current highs around 0.2470

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Here's more description as to where we could've entered.

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I used the Fib schematic on multiple time frames and they all pointed to this entry. :(
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If I was to take the entry it would've looked like this.

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End of the day. Cool off. Let's see if we get a dip, we're getting the retracement, but I'm looking for something a little deeper. Ideally the .2398.

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Then you have retail buy stops above the equal highs. Smart money would trigger that and bring it lower to their stop losses before continuing higher looking something like this.

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DOJI daily candle. Should be an explosive move coming out of this day.
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I entered on the second pullback.

this could be a two day move.

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I've taken profits along the way. The original idea shows that it has went below my stop but it hasn't. I moved it down a little. I have 1 lot left floating but even if it hits my stop I'll be pretty profitable in this trade.

You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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