ForecastCity

There is a trading opportunity to buy in XMRUSD

Long
KRAKEN:XMRUSD   Monero / U.S. Dollar
Technical analysis:
. MONERO/DOLLAR is in a range bound but the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.

Trading suggestion:
. We have already opened 10 BUY trade(s) @ 126.17 based on 'Two-Day reversal candle ( Hammer in D2 time frame)' entry method at 2018.06.29 in our suggested support zone (130.00 to 106.00).

Beginning of entry zone (130.00)
Ending of entry zone (106.00)

Entry signal:
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:
Take Profits:
TP1= @ 149.00
TP2= @ 169.00
TP3= @ 192.00
TP4= @ 228.00
TP5= @ 258.00
TP6= @ 298.00
TP7= @ 331.00
TP8= @ 378.00
TP9= @ 469.00
TP10= Free
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