Analysis:
XLMUSD-1H is potentially starting a bull trend. If the price breaks above 0.0932 which is previous higher high level, it will be a sign of bull trend continuation. In this case we can enter in a long trade. For this trade the stop loss will be at 0.0901. As the trend is just starting so we are placing stop loss near the low level.
------ Trade ------
Chart: XLMUSD-1H
Type: Long
Entry: 0.0932
Stop Loss: 0.0901
TP1: 0.0963
TP2: 0.0994
XLMUSD-1H is potentially starting a bull trend. If the price breaks above 0.0932 which is previous higher high level, it will be a sign of bull trend continuation. In this case we can enter in a long trade. For this trade the stop loss will be at 0.0901. As the trend is just starting so we are placing stop loss near the low level.
------ Trade ------
Chart: XLMUSD-1H
Type: Long
Entry: 0.0932
Stop Loss: 0.0901
TP1: 0.0963
TP2: 0.0994
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.
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.