Idea: Long position on XLMUSD. Weekly chart showing nice test of ascending strend line, price is getting squeezed upwards towards the 0.40 level. The weekly candle has also wicked close to the 50 SMA and had nice reaction. Hoping trading volume picks up, price breaks 0.40 and bullish move continues to previous ATH region of 0.60.
Comment:
Waiting for weekly close of candle on sunday evening for confirmation of Long entry to 0.60.