Short

Restrained within a Triangle.Break-out confirmation needed.

The price failed to cross over the 0.2403 Resistance as the 1D Triangle (RSI = 49.436, STOCH = 51.075, CCI = 45.1805, Highs/Lows = 0.0000) keeps the momentum neutral. Even 4H is neutral on four indicators and it is best to wait for a break-out to validate the short term direction (noted with the eclipses). In any case the long term trend on XLMUSD remains bearish (the 1D 0.618 Fibonacci retracement level = 0.283307 should reject any medium term upside attempt) and so are we with end of September targets at 0.1802 and 0.1713 (June 29, 2018 low).

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