. Komodo/ 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 is at 54.
. The price downtrend in the is broken, so the probability of the resumption of an uptrend is increased.
. There is a possibility of temporary retracement to suggested (1.284 to 1.159). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.284)
Ending of entry zone (1.159)
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 the 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= @ 1.583
TP2= @ 1.828
TP3= @ 2.280
TP4= @ 2.719
TP5= @ 3.545
TP6= @ 4.639
TP7= @ 5.887
TP8= @ 7.428
TP9= @ 7.428
TP10= @ 11.162
TP11= @ 13.957