InvestingScope

XLMUSD: Approaching the bearish break out point of the Triangle.

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After completing the previous Inverse Head and Shoulders pattern, XLMUSD is now as expected a few candles away from the bearish break out mark (0.2170) of the 1D Triangle (RSI = 41.811, MACD = -0.002, Highs/Lows = -0.0120, B/BP = -0.0193). After the break out, it should successively test the previous Higher Low levels (0.2053 and 0.1930) before accomplishing our medium term TP set = 0.1802 and 0.1713 (July, June lows).

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