Bearish set-up for medium term. Short.

2 thg 8, 2018

The estimated rejection on the 0.618 (0.3534) Fibonacci retracement level has worked to perfection as the price is declining aggressively on a five 1D bearish candle sequence (STOCH = 32.877, Williams = -76.167, Highs/Lows = -0.0024, B/BP = -0.0144). The first support zone for XLMUSD is at 0.24034 - 0.2459 where 4H should become oversold (ADX already = 73.858) and consolidate. Our TP is intact = 0.21987.