This is my analysis for XRPUSD. I am a novice trader and I am open to advice.
Green - 4H timeframe
Orange - 1D timeframe
Daily support is located where I saw big moves from that timeframe. The support area is where the trend stops a little bit and decided to have a break. I will enter the trade when the price would go through trigger with either one big green candle or with two full green candles.
So what do you guys think? Opinions are welcome.
Green - 4H timeframe
Orange - 1D timeframe
Daily support is located where I saw big moves from that timeframe. The support area is where the trend stops a little bit and decided to have a break. I will enter the trade when the price would go through trigger with either one big green candle or with two full green candles.
So what do you guys think? Opinions are welcome.