XVGUSD
I was long a few days ago and I closed out the trade with a very small profit.
I closed because the lower line of the wedge was support then became resistance .
Now once again it has become support as we approach the apex of the wedge.
Now is a good time to get long with stop at 0.15 below the previous spike low.
Alternative trade is as per the diagram above:
Wait for price to establish itself along the new lower wedge floor. This is parallel to the previous one.
Then enter long with a stop below the previous spike low.
This may follow AB=CD pattern. D is the estimated take profit price and time.
To see another example of this look at my currently open ETHUSD trade. You can see how precise this has been
I was long a few days ago and I closed out the trade with a very small profit.
I closed because the lower line of the wedge was support then became resistance .
Now once again it has become support as we approach the apex of the wedge.
Now is a good time to get long with stop at 0.15 below the previous spike low.
Alternative trade is as per the diagram above:
Wait for price to establish itself along the new lower wedge floor. This is parallel to the previous one.
Then enter long with a stop below the previous spike low.
This may follow AB=CD pattern. D is the estimated take profit price and time.
To see another example of this look at my currently open ETHUSD trade. You can see how precise this has been