XRP BUMP AND RUN PATTERN

Nov 28, 2019

XRPUSD is trading between $0.2 and $0.3 on 1d on the 4H I observe a potential bump and run pattern in the works signifying a reversal on the trend

Once the pattern fulfills and the upper channel of the downtrend line is broken i expect quick move to retest the top of the range at $0.3.
A long is open from $0.22

this trade invalidates if the bottom of range $0.2 is broken

Dec 7, 2019

Trade active

the bump and run pattern is active and in play. prices have broken out the upper band of the channel ..

i scale up my longs after we broke the channel and once prices print a HH. I will adjust my stops to 0.215

Dec 7, 2019

Note

if anyone is interested in the micro view or trading it on 1H I have highlighted the demand zones with the dash lines..
A trader can make a buy/sell decision based on how candles approach at the zones

Dec 16, 2019

Note

the proposed bump and reversal pattern is invalidated.

but since prices fell to the previous low which is close to the bottom range of 0.2$ .. i bought more here my stop loss remains 0.2$

if prices trade below 0.2$ i will close this trade