Monero (XMRUSD): Potential Structure Trade Explained
While forex market is sleeping after yesterdays' rallies,
here is a very peculiar potential trend following opportunity for you on XMRUSD.
The crypto pair has recently retraced and now is trading within a supply zone .
240 - 250 is our potential reversal zone.
You confirmation to short will be a neckline breakout of a double top pattern on 4H.
Wait for 4H candle close below 243 level and then sell aggressively or on a retest.
Goals will be 224/213
In case of a new higher high/higher close formation on 4H, the setup will be invalid.