XLMUSD: SHORT
UPDATE:
As previous position closed on stop loss, I assumed that we can consider it as double top, and "ABC" retracement continues. Wave "C" most likely, won't go lower then the wave "A" did, so the target is there.
New parameters of the position:
XLMUSD: SHORT
Base Price: 0.1185$
Target: 0.1$
Stop loss: 0.124$
3.36:1, R:R Ratio
As previous position closed on stop loss, I assumed that we can consider it as double top, and "ABC" retracement continues. Wave "C" most likely, won't go lower then the wave "A" did, so the target is there.
New parameters of the position:
XLMUSD: SHORT
Base Price: 0.1185$
Target: 0.1$
Stop loss: 0.124$
3.36:1, R:R Ratio
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