On the day before yesterday, a sell signal was spotted on the daily chart of XEMUSD, it came from the indicator "Crossing moving averages"
Since then, the price did not bounce back, exacerbating the bearish picture.
According to the wave analysis, the bulls have a chance: A down correction A-B-C, for a large growth wave from $ 0.2 to $ 2, is over. And now a new 10-fold growth to $ 8- $ 10 within a month should begin.
However, while the "Crossing of moving averages" indicator is on sale, we recommend to play the short game.
For this, it's good to use the growth attempts to $ 1.2 - $ 1.3 and open short positions there.
The goal of the decline is now close to 0. But if we bounce back to $ 1.2 then the target goal will be just at the support level $ 0.2 - where this 10-fold December growth begun.
The reverse of the trend to “buy” will be possible only above $ 1.5
Since then, the price did not bounce back, exacerbating the bearish picture.
According to the wave analysis, the bulls have a chance: A down correction A-B-C, for a large growth wave from $ 0.2 to $ 2, is over. And now a new 10-fold growth to $ 8- $ 10 within a month should begin.
However, while the "Crossing of moving averages" indicator is on sale, we recommend to play the short game.
For this, it's good to use the growth attempts to $ 1.2 - $ 1.3 and open short positions there.
The goal of the decline is now close to 0. But if we bounce back to $ 1.2 then the target goal will be just at the support level $ 0.2 - where this 10-fold December growth begun.
The reverse of the trend to “buy” will be possible only above $ 1.5
