There is a possibility for the beginning of an uptrend in ETPUSD
Technical analysis:
. ETP/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.4000 to 0.2500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.4000)
Ending of entry zone (0.2500)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.5700
TP2= @ 0.7400
TP3= @ 0.9000
TP4= @ 1.1000
TP5= @ 1.3500
TP6= @ 1.6650
TP7= @ 2.1500
TP8= @ 2.5400
TP9= @ 3.2500
TP10= @ 3.9500
TP11= Free
. ETP/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.4000 to 0.2500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.4000)
Ending of entry zone (0.2500)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.5700
TP2= @ 0.7400
TP3= @ 0.9000
TP4= @ 1.1000
TP5= @ 1.3500
TP6= @ 1.6650
TP7= @ 2.1500
TP8= @ 2.5400
TP9= @ 3.2500
TP10= @ 3.9500
TP11= Free
Feragatname
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