XRPUSD - 1HR Will Price Close Below Demand Zone for a Sell Opp?
Price is currently inside of a demand zone, possible double top market structure forming, looking for a bearish candle stick reversal pattern and a close below both the ascending trend line and below the demand zone before entering. That would be 5+ confirmations to enter a sell. Also looking for possible bearish divergence and bearish ADX trend as extra confluence and additional confirmations for entry. Would anticipate price to fall to .33422 area at -27 fib for Take Profit level 1 for aprx 200 pip gain, -61.8 fib for Take profit 2 for aprx 350 +/- pip gain.
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