EURGBP - SHORT - November 02, 2020 | break and retest trade.

markpalmer24 days ago

EURGBP

SHORT

2 0

Break and retest trade.

Break and retest trade on the H4 timeframe. Fairly straightforward.

ZARS5 hours ago

USDCHF

LONG

1 6

usdchf buy

We have a similar setup with USDCHF. these pair s about to test a strong support zone, forming an double bottom reversal as we expect it to play out.. wait for another strong rejection before entering long. trade safe

ForexBroRimsi5 hours ago

XRPUSD

LONG

2 1

Long in Cryptocurrency Mr.Ripple (XRPUSD)

Hi Lovely Traders! Here is my Ripple trade idea for today... Pros: + Regular Divergence seems to have been played out. + Ripple seems to have respected the S/D level around 0.45 level. Bounced up from that point. + Max Norbury is also suggesting a potential Buy Trade on Ripple, check his Idea as well! Based on Moving Averages. + Sentiment, everyone is discussing Cryptocurrency, and what I know for sure, is that Ripple has crossed many minds during it life and that together with Bitcoin being stuck between 1600-2000, might attract some new people to Ripple. Ripple is kind of still not marked as "you missed the train" as Bitcoin is. + Besides heavy buyers hitting and heavy sellers "previous buyers taking profit" it seems to have a small ongoing uptrend. Maybe it waking up again? xD Cons: - I am not a Crypto Expert, I do not know the correlations with crypto, between them and with other instruments. - Its extremely Volatile, huge losses could be a fact. - The Spread is really bad. Please check both bid/ask line before purchase. For example, if you buy at a bad moment, it could easily put you in -48usd loss without the Ripple barely moving...not so nice. Rather try to catch it with some momentum in your direction and you will overcome the gap between ask/bid level quickly! =) Good Luck, have fun, and Ripple with Caution!