. NEM/DOLLAR 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 55.
. The price downtrend in the is broken, so the probability of the beginning of uptrend is increased.
. There is still a possibility of temporary retracement to suggested (0.1860 to 0.1380). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.1860)
Ending of entry zone (0.1380)
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= @ 0.2765
TP2= @ 0.3686
TP3= @ 0.4390
TP4= @ 0.5305
TP5= @ 0.6540
TP6= @ 0.7730
TP7= @ 0.9680
TP8= @ 1.1647
TP9= @ 1.1429
TP10= @ 1.7987