Just looking at the 1h Chart, i think XVS looks to have completed an ABC corrective pattern already, and wave 1 and 2 of a new elliot wave have already taken place, which means we’re in wave 3 which is supposed to be the biggest.
2 Possible scenarios to enter a long trade.
1. AGGRESSIVE
Entry now, between 7.5-7.6
TP1: 7.940
TP2: 8.116
TP3: 8.292
SL: 7.150
2.CONSERVATIVE
Enter above 7.728 which is the resistance on the 4H chart.
TP1: 7.940
TP2: 8.116
TP3: 8.292
SL: 7.556
Also happy to get any feedback from any pro trader here on my understanding of the analysis. gotta love some constructive feedback to learn more! 😊
