The current trend is uptrend and the forecast is the continuation of uptrend.
While the uptrend #1 is not broken, wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains.
( ) is 51.
There is a possibility of temporary retracement to suggested Buy Zone (4.4600 to 4.3200). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (4.4600)
Ending of entry zone (4.3200)
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= @ 4.5545
TP2= @ 4.6770
TP3= @ 4.8035
TP4= @ 4.9225
TP5= @ 5.0000
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