After 5 waves up, XLM is now finishing "B" wave of "ABC" retracement, as it reached 0.618 level (golden ratio) of wave "A" fibonacci.
I assume that the "C" wave will go down to 0.618 level (golden ratio) of the all 5 waves up fibonacci.
Parameters of the position:
XLMUSD: SHORT
Base pride: 0.112$
Target: 0.0925$
Stop loss: 0.116$
4.84:1, R:R Ratio
I assume that the "C" wave will go down to 0.618 level (golden ratio) of the all 5 waves up fibonacci.
Parameters of the position:
XLMUSD: SHORT
Base pride: 0.112$
Target: 0.0925$
Stop loss: 0.116$
4.84:1, R:R Ratio
Trade closed: stop reached:
Prise hit stop loss. Re-open position at previous stop loss and follow my new XLM setup
