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
Trade closed: stop reached
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Prise hit stop loss. Re-open position at previous stop loss and follow my new XLM setup