XLMLong
XLMUSD long
On the higher time frames you will notice that price has surged higher and recently has pulled back towards a key area of support which also confluences with the 61.8% fib level.
Price has recently found support and consolidated a bit before breaking out of the consolidation.
I have entered a long position on the basis that it has broken higher and pulled back to retest what was resistance which has now become support.
This is a classic break and retest. Break resistance pull back and retest it as new found support.
Price has recently found support and consolidated a bit before breaking out of the consolidation.
I have entered a long position on the basis that it has broken higher and pulled back to retest what was resistance which has now become support.
This is a classic break and retest. Break resistance pull back and retest it as new found support.
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