XMRUSD weekly: XABCD BEARS 50%+ correction(SL/TP)(NEW)

5 Sep 2020

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XMRUSD weekly: XABCD BEARS 50%+ correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagges as SHORTbecause I expect more short-term
losses and mid-term losses(BEARS).

🔸 Summary and potential trade setup
::: XRMUSD weekly chart review/outlook
::: BEARS XABCD setup in progress
::: already topped out at 886 point D
::: 50%+ correction pending
::: short sell any rips/bounces
::: going a lot lower next few months
::: TP BEARS 30/34
::: SWING TRADE SETUP
::: recommended strategy: SHORT RIPS/BOUNCES
::: alternative strategy: SHORT AT MARKET
::: TP bears is 50%+ gains
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/DUMP
::: Sentiment outlook short-term: BEARS