There is a trading opportunity to buy in NEMUSDTechnical analysis:
. NEM/US 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 RSI is at 85.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0575 to 0.0455). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0575)
Ending of entry zone (0.0455)
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= @ 0.0784
TP2= @ 0.1079
TP3= @ 0.1330
TP4= @ 0.1982
TP5= @ 0.2765
TP6= @ 0.3595
TP7= @ 0.4526
TP8= @ 0.7147
TP9= @ 1.1387
TP10= Free
