While the price is above the support 1.0275, resumption of uptrend is expected.
We make sure when the resistance at 1.0630 breaks.
If the support at 1.0275 is broken, the short-term forecast -resumption of uptrend- will be invalid.
While the downtrend #1 is not broken, wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
( ) is 41.
. There is a possibility of temporary retracement to suggested (1.0360 to 1.0275). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.0360)
Ending of entry zone (1.0275)
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:
TP1= @ 1.0430
TP2= @ 1.0490
TP3= @ 1.0585
TP4= @ 1.0660
TP5= @ 1.0760
TP6= @ 1.0850
TP7= @ 1.0990
TP8= @ 1.1140
TP9= @ 1.1335