Riple Analysis on M15 Time Frame, April 19, 2025
Riple on M15 TF In the early morning session of April 19, a bullish impulse was seen with several long bullish candlesticks, indicating strong buying interest at that time. After that, the price formed a downward retracement pattern with small candlesticks, which is more indicative of healthy consolidation, not heavy selling pressure. There is no strong reversal candlestick pattern (such as bearish engulfing), so the correction is still considered reasonable.
Trading Recommendation: Entry buy If the price bounces off the support area of 2.0700?2.0720 with a bullish candlestick signal such as a hammer or bullish engulfing. Stop Loss: Below 2.0630 to keep the risk small. Take Profit: Initial target at 2.0950 and if it breaks through, continue to 2.1100.