Technical analysis:
. DECRED/USDollar 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 65.
.The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (18.25000000 to 12.25000000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (18.25000000)
Ending of entry zone (12.25000000)
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= @ 25.00000000
TP2= @ 32.00000000
TP3= @ 40.00000000
TP4= @ 57.25000000
TP5= @ 71.20000000
TP6= @ 85.00000000
TP7= @ 104.85000000
TP8= @ 130.00000000
TP9= Free
. DECRED/USDollar 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 65.
.The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (18.25000000 to 12.25000000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (18.25000000)
Ending of entry zone (12.25000000)
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:
TP1= @ 25.00000000
TP2= @ 32.00000000
TP3= @ 40.00000000
TP4= @ 57.25000000
TP5= @ 71.20000000
TP6= @ 85.00000000
TP7= @ 104.85000000
TP8= @ 130.00000000
TP9= Free