Hello traders, Here I have checked the 4H chart of XLMUSD!
The price has had a correction move, after a long time peaceful, I predicted in my previous analysis and we got the price action!
After the short correction, the price is ready for a new up wave. Since price has hit a fibo support(618%) , there has been signals of downtrend slowing . The candlesticks are showing the beginnings of a change of command from bears to the bulls.
I believe that price has found a true bottom.
I am expecting an up move up to begin, to reach target of at least 0.36. If price successfully breaks pressure level at 0.36, price could extend further to the highs.
I will be updating this analysis if it exceeds 30 likes.
The price has had a correction move, after a long time peaceful, I predicted in my previous analysis and we got the price action!
After the short correction, the price is ready for a new up wave. Since price has hit a fibo support(618%) , there has been signals of downtrend slowing . The candlesticks are showing the beginnings of a change of command from bears to the bulls.
I believe that price has found a true bottom.
I am expecting an up move up to begin, to reach target of at least 0.36. If price successfully breaks pressure level at 0.36, price could extend further to the highs.
I will be updating this analysis if it exceeds 30 likes.
Trade active
Comment:
Trade active
Comment:
TP hit +70%
Trade closed: target reached
