XLMUSD - prepare for the bear.......and then the bull?
Updated
A clear downward channel on XLMUSD with wave 3 breaking the line and I expect wave 4 to break in the opposite direction by the same amount.
I dont short XLMUSD as i only trade on Kraken but looking for a buy around the yearly S2 or a nudge higher on the 1.618 extension.
When you hear lots of good news about the virus then the bottom would have probably been in a few days already. News follows price!
I dont short XLMUSD as i only trade on Kraken but looking for a buy around the yearly S2 or a nudge higher on the 1.618 extension.
When you hear lots of good news about the virus then the bottom would have probably been in a few days already. News follows price!
Comment
Going pretty much as expected, the price didn't go quite as high as i thought it may but it does point to a firmer wave 5 confluence target at that yearly S2 level (Orange line)Trade closed: target reached
Finally reached my price target but took much longer than expected.
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