XMRUSD is breaking out of a perfect cup and handle pattern that has been developing for a few months.
The projected advance (after measuring the distance from the right peak of the cup to the bottom of the cup) gives an upward projection of $201.
The projected advance (after measuring the distance from the right peak of the cup to the bottom of the cup) gives an upward projection of $201.
Trade closed: target reached:
Sold at $198. Just a few dollars off target, but delighted to get out when I saw the market turning.