XLMUSD has started a parabolic rally to the former High

١٩ يوليو ٢٠٢٣

XLMUSD crossed last week over the 0.382 Fibonacci level and despited the subsequent pull back, it is again rising aggressively today.
The price action is very similar to the previous Cycle. When the price crossed above the 0.382 Fibonacci, it pulled back to the 0.236 and then started a parabolic rally that reached the 0.786 Fibonacci in 6 months.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 0.48000 (Fibonacci 0.786).

Tips:
1. The price just formed a Golden Cross (1d), which is on the previous Cycle was formed right at the start of the Parabolic Rally.

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