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Short STR / XLM on 1-Week Rectangle Confirmed Breakdown

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Price chart formed a 1-Week Rectangle with the lower boundary acting as support at 0.1985 levels. The lower boundary was tested several times over the course of the chart pattern. The 6H close below 0.1925 levels confirmed the breakout from the 1-Week Rectangle with the possible chart pattern price target of 0.1783 levels.
Trade closed: target reached
Profit taken 7-12-2018
mxkee
RectanglestrusdSTRUSDTSupport and ResistanceXLMxlmshortXLMUSD

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RectanglestrusdSTRUSDTSupport and ResistanceXLMxlmshortXLMUSD
mxkee

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.