XBC is starting a diagonal channel on the 30M. It broke out but quickly traced back. Resistance starts right at the end of the channel at .014 (sells at .01389) range. If it breaks resistance I think it could rally to .0154 zone (sells set at .0152). If it breaks that than the next is .01617(sells at .0159495) The final target for this bull run is .017385 (sells at .017, possibly .0168) ..The first 2 targets fall just under the 50 and 61 FIB lines showing institutional sell orders. We are looking to beat those out by a small margin and secure profits throughout the run. The final target is just above the 78 FIB line (.01716218) hence the bigger margin for the final sell point. Your take profit margins throughout the run are entirely up to you. Everyone has their own limits, I just wanted to show the pattern and resistance levels. Any constructive criticism is welcomed! Happy trading!
My entry-.0119
My entry-.0119