InvestingScope

Target hit. Eyes on the June Low. Short.

Short
TP = 0.21987 hit as the 4H Channel Down (RSI = 29.011, Highs/Lows = -0.0141, MACD = -0.011) moved to a new Lower Low near 0.2100. 1D is technically seeking a support test on the June 29 bottom = 0.1713. Our new TP for XLMUSD is 0.1802 however as this is where the 1D Head and Shoulders (RSI = 36.116) meets its neckline. The probability for a 3-4 day consolidation cannot be dismissed, before the new low on 4H.

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