XMRUSD: falling wedge pattern

A price action above 141 supports a bullish trend direction.
Increase long exposure for a break above 150. This level is also the 61.8% Fibonacci retracement level.
The target price is set at 163 (its 78.6% Fibonacci retracement level).
The stop-loss level is set at 129 (just below its 38.2% retracement level).
It will appear that a falling wedge pattern is busy developing.
Such a pattern is bullish in nature.


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.