*The price is in a down trend and we forecast the down trend would continue.
*There is still possibility of temporary retracement to suggested resistance line(0.71750), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak", 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 special version of our "Price Action" strategy FOLLOW our lessons:
We opened 13 SELL trade(s) @ 0.7351 (day close price) based on 'Two-day reversal candle ( )' at 2018.04.13
While the price is below the resistance 0.7560, resumption of downtrend is expected.
Price may also reach 0.7175, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
A peak is formed in at 0.7395 on 04/13/2018, so more losses to support(s) 0.7175, 0.7055, 0.6950 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
( ) is 28.