There is a trading opportunity to buy in REPUSDTechnical analysis:
. Augur/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (7.70000000 to 5.50000000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (7.70000000)
Ending of entry zone (5.50000000)
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= @ 10.00000000
TP2= @ 12.00000000
TP3= @ 14.00000000
TP4= @ 16.00000000
TP5= @ 19.00000000
TP6= @ 23.00000000
TP7= @ 27.50000000
TP8= @ 32.50000000
TP9= @ 49.00000000
TP10= @ 76.00000
TP11= Free
Augurdollar
A trading opportunity to buy in REPUSDTechnical analysis:
. Augur/USDollar 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 RSI is at 58.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (14.000 to 11.000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (14.000)
Ending of entry zone (11.000)
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 the 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= @ 21.00
TP2= @ 28.00
TP3= @ 40.25
TP4= @ 58.28
TP5= @ 72.87
TP6= @ 87.53
TP7= @ 108.27
TP8= @ 134.75
TP9= Free
