. NEO/DOLLAR is in a downtrend but the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The is at 56.
. The downtrend #1 & The price downtrend in the are broken, so the probability of resumption of uptrend is increased.
. We have already opened 9 BUY trade(s) @ 36.06691264 based on 'a reversal candle (Valley)' entry method at 2018.07.02 in our suggested (34.73 to 24.65).
Beginning of entry zone (34.73)
Ending of entry zone (24.65)
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= @ 47.85
TP2= @ 59.04
TP3= @ 67.88
TP4= @ 93.24
TP5= @ 113.74
TP6= @ 140.50
TP7= @ 163.42
TP8= @ 200.60